Futures are umoderately higher after SPX tagged the bottom of our rising wedge pattern during yesterday’s selloff.

continued for members…

The wedge shows up in SPX, but is a little messier in ES.

As we noted yesterday, EURUSD has found potential support.And USJDPY has – at least temporarily – pushed above resistance.

This suggests at least a short-term slide in DXY – supportive of stocks. I’m looking for CL andn RB to slide over the next two weeks – though this is a very dicey proposition as Israel is likely eyeing this pre-election period as the best time during which to attack Iran.