VIX and CL are giving the algos plenty to love this morning.  VIX is plumbing new, all-time lows and CL continues yesterday’s rebound on its way to our upside target.Yesterday, VIX’s actions were enough to break SPX out of its falling purple channel and close a minor gap.  This morning, there’s a good chance of higher highs — depending on what the Fed has in store.

continued for members…

USD continues to decline.  But, VIX and CL are carrying all the water. With futures currently up 8 points, a backtest of the 2454 highs looks quite unlikely at this point.  The SMA10 is up at 2458 now, and the red channel bottom is getting further and further away.As a reminder, I’m traveling the next two weeks on the East Coast.  I’ll be in Manhattan the next two days, then up to Boston on Friday if anyone would like to meet up.  Just drop me a line.

GLTA.