Futures are off slightly on low volume on a slow news day.

Some significant Fibonacci levels have been reached, however, setting up potential large moves in equities.

continued for members…

The yellow 4.23 extension as well as the red 1.272 and white .786 could provide some strong resistance. But, futures need to drop back below the white .786 in order for momentum to build. The key value for SPX is 4534.63.

Although COMP has reached a channel top, it did so after topping the .618 – so a very mixed picture.

Ditto for VIX, which is still in a positive 10/20 cross but has not yet taken off to the upside.EURUSD is holding at its recent highs… …while USDJPY is still in bounce mode after reaching our SMA200 target. Oil and gas are both sliding again after CL reversed at its SMA200 and RB at horizontal resistance. This has kept a little pressure on TNX as it hovers in between the broken red TL and its SMA200.The 2Y was falling faster than the 10Y (bearish) but it has since bounced back a little more.