Futures are off moderately this morning as ES spends its twelfth day in a narrow range around its .886 Fib retracement.

August ISM manufacturing will be released at 10am ET, which should determine on which side of the trend line from Aug 28 futures will fall.

continued for members…

It looks like more of the same for both ES and SPX.

Oil and gas are both lower, impacting both the 2Y and 10Y equally in that they maintain the -3 bps spread.