Futures are up moderately as algos react to a VIX smackdown that more than offsets the latest tariff troubles and fading corporate euphoria. It remains to be seen whether the market can hold up after higher than expected inflation is reported on Wednesday.

continued for members…

We often get these run-ups in the days leading up to CPI releases.

Note that COMP’s SMA200 has almost reached our18,154 target – a nice place for a pullback.It would be a 7% decline from Friday’s close and a 10.1% decline from December’s highs.