Charts I’m Watching: Jan 17, 2025

Futures are up moderately ahead of housing data on a continuing pullback in interest rates.

continued for members

SPX tested its SMA50 yesterday, but didn’t push above it. VIX is still threatening a breakdown. CL and RB have both pulled back, but CL is still broken out unless it drops through 76.61 and, more importantly, the SMA200 at 75.31.