Futures are flat after another minor selloff which brought ES back to trend.

continued for members…

Note that VIX continues to slip higher.

Although VX (the futures) are as flat as can be.

EURUSD still has plenty of downside potential, although USDJPY seems stuck on the small red TL.  The net result is that DXY has broken out and should be able to make it up to its falling SMA200. This represents a headwind to equities…

…and to oil prices. Oil is also being dinged by the prospect of peace in the Middle East and talk of a supply glut from OPEC+ production boost, not to mention weaker demand in the US.

The 10Y is backing off its latest bounce, with a bearish 10/20 cross likely in the next few sessions.

Stay tuned…