Futures are up modestly this morning as equities settle back down following the Sep 21 spike.

The Aug 14 highs remain unbroken, though, suggesting that the Sep 21 spike was a headfake.

The drivers remain the same: oil prices, which are closely following our forecast…

…and VIX, which continues to be smacked down with every attempt to break up a trend line or its SMA200.

continuing…