Futures are tumbling again following a substantial bounce on Friday. China has issued retaliatory tariffs, adding to the chaos Trump’s trade war has unleashed.

continued for members...We haven’t seen new lows yet, but the charts suggest they might still lie ahead. VIX is still broken out but has yet to make new highs.

EURUSD still seems to have played out. At the same time, USDJPY has reached its .618 and could get an interim bounce which could benefit stocks.
Oil and gas are relatively flat… …allowing the 10Y to backtest its SMA200. Although it still has a ways to go, the 2s10s is nearing its rising red TL again. It continues to be a volatile market, with potentially more downside ahead.