Futures are up modestly ahead of the open as traders look ahead to Powell’s congressional testimony and Thursday’s CPI print.

continued for members…

I wish there was something more dramatic to highlight, but this is basically just a continuation of last week – meltups alternating with modest backtests. In this case, any backtest should be limited to the significant Fibs ES just topped.

Oil and gas have backed off their breakout threats (for now), allowing TNX to remain near its recent lows.

Stay tuned…