Futures are moderately lower, testing the 50-day moving average as ripples from the longest ever government shutdown reach more critical areas of the economy.

Note that ES has now completed a small H&S Pattern that targets 6535.

continued for members…

At the very least, it will have to drop another 30 points in order for SPX to reach its own SMA50.

VIX and VX are now both broken out above their SMA200s and falling channels.DXY continues to back off its SMA200, though again we note that it never quite tested it.

Oil and gas are doing little today to put a lid on the 10Y…

…which remains above its SMA50.

As an aside, note that DJIA is still 350 points above its SMA50, which has acted as good support since May.

And, COMP, which is a legit index, has significant downside if it doesn’t hold its SMA50 at 22,660.

Stay tuned…