Futures are modestly higher following yesterday’s roller coaster market action. Early weakness was offset…

…by aggressive VIX action as the day went on.  VIX almost kissed its SMA200…

…and the TL from Jun 9 before being hammered.

CL also came under selling pressure that really only amounted to avoiding another higher high.

While TNX made a more definitive pullback from its 1.272 extension.

Warsh spoke at an IMF meeting in Bangkok, promising to tame inflation but not shedding any new light on the Fed’s plans for its Oct 27-28 meeting even though yesterday’s PPI print was quite concerning.

GLTA