Futures are essentially flat this morning after Friday’s OPEX panic to regain the 200-day moving average.

continued for members…

If our cycle model holds up, a significant downturn should be right around the corner. Note that SPY ended Friday right at the SMA200. In currencies, EURUSD is backing off a threatened rejoining of the yellow channel… …while USDJPY has yet to break out of its falling white channel. Combined, we have DXY still stuck at support… …GC still stuck in a rising wedge… …and SI lurking just below significant overhead resistance. BTC, meanwhile, has defied logic by rallying sharply in the face of ongoing liquidity/safety issues.Note, however, that it is quite overbought. Oil and gas are both up slightly with CL at an important decision point.

And, we’re still waiting on the 10Y to backtest its SMA200.

GLTA