Futures have slipped about 10 points on quiet trading.

continued for members…

We’re already had a bullish 10/20 cross, so the bulls need to hold the SMA20 in order to keep the rally alive. But currencies are favoring the DXY/bears at the moment…

…thanks to oil’s rally. It’s more than a little suspicious that the recent breakout was timed to coincide with a holiday – when the gov’t response is likely to be less timely/robust. We’ll see if the breakout is reversed over the next few days.

GLTA