Futures are off sharply ahead of the open…
…as AAPL melts down on news that China will ban iPhone use by government workers.
continued for members…
Note that ES has backtested its neckline as well as the SMA20. 
SPX should backtest its broken white channel today. We have a number of choices if that doesn’t hold, with the SMA200 a tasty morsel for bears.
EURUSD continues to slide, while USDJPY is mostly hanging in there.
DXY is inching toward our channel midline target.
CL continues to be a headwind for equities…
…supporting the higher inflation/interest rate scenario.
I’m on the road today, so must cut this short. Keep an eye on ES’ neckline…