The Euro, Gold and Silver are at present above their respective Neutral Zones for today; none of the other five BEGOS Markets are below same, and session volatility is moderate. The S&P’s -2.7% decline yesterday was its worst since the -2.9% fall last 18 December, (prior to which was -3.0% last 05 August); obviously the leading aspects of our deMeadville analytics have been well ahead of the selling, technically by the Spoo’s linreg having already rotated to negative (see Market Trends) and fundamentally of course by the ongoing excessive overvaluation of the S&P given lack of earnings substance; by the Spoo’s Market Profile, overhead volume resistance spans the 5748-5797 zone. All that said, the S&P is now 10 consecutive trading days “textbook oversold”. Again, ’tis a quiet day for the Econ Baro ahead of February’s retail inflation (Wednesday) and wholesale inflation (Thursday).