Try, Try Again

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Stocks were off about 1% again overnight – a regular occurrence lately – but are currently off the lows as we approach the opening bell.

ES should get a shot at backtesting its 10-day moving average, currently at 4091.25. If it doesn’t hold, things will at least get more interesting.

continued for members…Not much has changed since Friday. ES, SPX, SPY and COMP are all still broken out… …as VIX again approaches its white channel top after bouncing off the Jan 2018 trend line. Although USDJPY is still being employed to prop up NKD…

…EURUSD continues to breakdown… …giving DXY a nice boost. GC and SI are trying to stabilize after a nasty Friday. CL and RB are more obviously breaking down again…