Again, at present we’ve all eight BEGOS Markets inside of their Neutral Zones; volatility is mostly light. At Market Trends, the Spoo’s “Baby Blues” in real-time are kinking lower, an early sign that a change of trend may be nigh: whilst the trend remains positive, its consistency is weakening. For the S&P itself, yesterday marked its16th consecutive trading day of being “textbook overbought”. Similarly for the Bond, Euro and Swiss Franc, their respective “Baby Blues” too continue to show similar weakening of the uptrends. Spoo 4122 by the Market Profile is the most dominantly-traded handle of the past 10 trading days, it becoming the line in the sand between support and resistance. The Econ Baro looks to July’s CPI and Treasury Budget, plus June’s Wholesale Inventories.