We’re still in FOMC meeting meltup mode and still on correction watch.

continued for members…

The bigger picture for ES/SPX:

USDJPY is starting to roll over again. And EURUSD has tagged its SMA20 for the first time in six weeks. If it breaks above it, there is a possibility of a backtest of its SMA200. So, DXY is taking a bit of a hit, with the odds increasing of a SMA200 backtest if and only if EURUSD breaks out. CL and RB are still treading water. And, TNX continues to threaten a breakdown. More later…