September PPI came in at 0.5% versus 0.3% expectations, briefly driving down futures prices…until VIX was hammered back down. Its 200-day moving average continues to be the critical threshold for algos.

It remains to be seen whether tomorrow’s CPI print can also be ignored.

continued for members…The equity picture shows stocks pushing right up against the purple fan line with the SMA50 coming into view. Note that the slopes of the SMA10 for both ES and SPX have both turned positive.

Note that VIX is backtesting its white channel top.EURUSD is also pushing up against its channel top. And, USDJPY remains poised for a breakout if necessary.  Oil and gas continue to settle lower… …aiding the 10Y’s pullback from our 4.755 target.Although the 10Y’s recent push put it closer to parity with the 2Y… …the 2s10s remains inverted – for now.GLTA.