Futures are off slightly this morning……perhaps in order to facilitate the Dow’s overdue backtest of its 200-day.

continued for members…Pretty much everything still rides on equities’ ability to hold their SMA200 and channel backtests.  A failure to do so would open up much downside for stocks.

Keep in mind that ISM Mfg is due out at 10am ET.

The 2Y continues to rise, and thus the 2s10s continues to further invert.