VIX continued to play cat and mouse with its 10-day moving average, yesterday, leading to generally positive gains for stocks.
Those gains have faded, however, and futures are slightly negative in the minutes leading up to the open. Dollar weakness continues to be a headwind…
…and the yield curve continues to steepen.
With SPX falling a few points short of our upside target, we could see it take another run today.
It’s worth noting that Deutsche Bank, which reached our 10.30 target back on Jun 27, is closing in on our 13.10 target. This would mean rejoining the purple channel from which it broke down in May [see: DB: On the Ropes.] 
This is an important test for DB and, by extension, for the ECB.
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