Futures are up moderately, primarily on the DXY stall and the usual overnight VIX smackdown. But, most attention will be focused on Thursday’s CPI print.

continued for members…The consumer credit release should also be interesting.ES has established the early stages of a falling channel after bouncing at the TL from Jun 26 and Jul 9.

SPX’s SMA50 still looks good for a pullback. As expected, CL and RB are both reversing at recent highs. Though TNX continues toward our 47.55 target.But, because the 2Y is stalling, the 2s10s broke through the TL of resistance and has a shot at making some headway – bearish for stocks.