Futures are up moderately following yesterday’s meltdown and NASDAQ’s worst day since Dec 2022. continued for members…

ES and SPX have dipped below their SMA10s. ES is backtesting its…

…as SPX is reckoning with a sharp RSI breakdown…

…and VIX even closed above its SMA200.The ECB held rates steady this morning, which has left EURUSD hovering at the top of a fairly well-defined channel.

USDJPY looks to be waiting for its SMA200 to top 151.90 before backtesting it. This leaves DXY in no-man’s land, rebounding a bit after breaking down.Interestingly, GC is threatening another breakout, reaching all-time highs before pulling back below the 1.618 it has tested multiple times.

SI is also performing well, but appears even more hesitant to break new ground.Oil and gas are still consolidating slightly above their SMA200 targets. Treasury yields are slightly higher, but note that the 2Y has finally reached TL support. A drop through it without a comparable drop by the 10Y (which has already broken down) would further push the 2s10s toward 0.

Stay tuned…