Futures are off slightly this morning, passing on the opportunity to make new highs in the after-hours.

continued for members…The bulls aren’t out of the woods until SPX posts new highs – not all that far away at the moment.  It could technically still reverse here, though it would be very unusual after having topped the .886.

It happened that way in 2015-2016 – a very deep retracement that reversed and shed 16%.

Most factors are still on the bubble. VIX still has a little to go before tagging its purple TL. And USDJPY could still break outl CL just keeps inching along… …while RB still seems likely to be done for now. CL’s unrelenting ascent is dragging TNX along.…with ZN’s decline seemingly in agreement.Gold continues to act as though there’s no inflation to be found.And silver continues to backtest aggressively. Last, BTC has at least stalled at the channel top target. Not much of a reversal yet, but it’s early and lack of follow through to the ETF hysteria is notable.I’m on the road today and won’t have a chance to post until later.

Stay safe and GLTA.