Our analog is off and running, with futures up sharply overnight… …and VIX collapsing as expected.It’s still early stages, but the first few days have been encouraging with SPX up about 5% since last Thursday’s bottom call.

continued for members…I’m still working on conforming all the charts to the analog. Hopefully by tomorrow morning’s post. In the meantime, here’s a reasonable estimate. ES and SPX are now both above the SMA10 with the SMA20 coming into view.

I’m uncertain whether VIX will halt at the SMA200 or the channel bottom. But, the timing is about right for either.Currencies are helping out stocks this morning, with EURUSD’s backtest helping to enable DXY’s. USDJPY is still going sideways, so there’s the possibility EURUSD  will terminate at 1.0635 and USDJPY takes over from there with a spike above 132.22.