Futures are up moderately on another round of economic data which is good enough to suggest a soft landing but modest enough to not upset the Fed’s rate cut plans.

continued for members…

ES has climbed back to the rising wedge bottom……while SPX’s rising wedge is still intact…

…and VIX is still in a position to prevent any equity downturns. EURUSD’s rebound has begun. DXY’s retreat has begun…though it will likely only backtest the SMA200 before going higher.

CL and RB are both slipping modestly lower. It’s been enough to at least cause the 10Y to halt further advances…for now.