Futures remain under pressure as we approach the open – despite VIX’s 5% smackdown yesterday.

continued for members…

The SMA10 continues to rise, putting a potential roadblock in place for the bears. VIX is back below its SMA10 and has made new lows.Likewise, currencies continue to support stocks.

GC and SI continue to tumble – with SI reaching our next downside target…

…while BTC is testing recent highs.

As expected, CL and RB continue to break down. Note that TNX is ignoring the drop, however – torn between believing the hawks or the doves on the FOMC.Stay tuned…