Futures are off about 30 points on disappointing earnings from stocks such as TSLA, AXP, KEY, etc. and a continuing slump in oil and gas.

VIX is even popping as we approach the open. If it holds, the rollover in equities will have officially begun.

continued for members…

ES is already trading through its SMA10, and SPX should open below its. Of course, it would surprise no one if VIX were to slump after the session opens, but note the positive divergence on the 15, 60 and daily charts.

On the other hand, we shouldn’t ignore the fact that VIX is still well below the red TL from 2018. Currencies are pretty quiet again this morning, with a slight slump in the DXY contributing to a slight bump in GC and SI.

As expected, CL and RB continue to lose ground. Though, the impact on bonds has been negligible. With OPEX tomorrow, things are unlikely to remain this quiet for long.

GLTA.