Futures are off moderately on profit taking in NVDA and quarter end positioning following yesterday’s overblown rally…

…which conspicuously ran out of steam as it backtested the 10-day moving average. Will it be enough to counter VIX, which has been hammered below its own 10-day moving average for an algo-boosting 19 sessions in a row?

continued for members…

Note also that VIX has back above its SMA10…though previous forays haven’t lasted, with reversals rallying the algos. Currencies favor DXY this morning, with EURUSD falling slightly as USDJPY continues to melt up.

GC is joining SI in slipping lower towards its SMA200 target.

Note that BTC has reached potentially important RSI resistance. It acted to limit plenty of previous rallies except for the huge January thrust back above the SMA200.

CL and RB are both threatening lower lows with inventories due out this morning.

TNX is off slightly……with the gap between the 2Y and 10Y continuing to widen.