1pm update - somewhat interesting

US equities continue to cool from the morning high of sp'1916 to 1897. Price action appears similar in style to last Friday.. where the indexes turned red in late afternoon. Considering it is end month.. net daily declines are within range.


sp'60min

sp'weekly6

Summary

*again, it is notable that the bigger weekly cycles remain outright bearish, and highly suggestive of lower levels in the immediate term.

The Tue' low of sp'1871 makes little sense as a key low.. not least as the R2K busted the Aug' low of 1100 some days ago.
--

So... 3 trading hours left of September.. the early morning bullish hysteria has already rapidly faded.

Now its a case of whether we close the month on a particularly stinky note.

Those resolutely holding short can start to breathe again... at least until tomorrow.