Futures are slightly positive this morning even though RB and CL are slumping — primarily on an overnight VIX dump — off 9.9% from yesterday’s highs. Note the SMA10 at 10.08.
Traders will remain focused on Fedspeak and North Korea, either of which has the potential to upset the month-end run for the barn.
SPX and ES both reached our initial, minimal backtest targets yesterday. As I posted last night, the next steps are a bit muddled.
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