Futures are moderately higher this morning as algos respond enthusiastically to Salesforce’s earnings and ignore the ongoing meltdown in mortgage applications and uptick in COVID cases.  Here’s a snapshot of testing results at my daughter’s college, which finally reinstated a mask mandate after the positivity rate reached 10%.

I think they could use a primer on chart reading…

continued for members…

SPX will have another chance to break above 4164.58. But, our analog says it’ll hang around this range until Friday and break down next week. COMP continues inching toward its neckline backtest.It doesn’t appear that VIX will need to backtest its SMA200. Sliding just a little bit each day will probably suffice. I’ve made a few adjustments in the EURUSD chart, reflecting a drop to 1.0173 and possibly 1.0071 by mid-July and subsequent bounce to flesh out the top of the red channel into September before crashing below par into year end.

BTC continues to loiter around its recent highs, still constrained by that internal TL.

GC and SI are going nowhere fast. And, don’t look now, but RB is breaking out again…

…which is pinning TNX to that broken TL and, for now, preventing an overdue backtest.