Even the VIX is starting to flash an initial warning of trouble for the September-October period.
NYSE, weekly
VIX, weekly
Summary
I think the above two charts pretty much summarise where we are at. The VIX is showing a provisional breakout, but we need a close in the 18s tomorrow to solidify it.
The master index is rolling over, but bears must not get confident until we break <7800. That sure won't happen tomorrow, and it should be the target for the first half of September.
An interesting day, and its something of a relief to see some price movement!
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back at 2pm.