At present, all eight BEGOS Markets are within their respective Neutral Zones for today, and volatility is again light-to-moderate. The S&P 500 continues to test the top of its 3600-3200 support zone, albeit by our MoneyFlow page, the leading characteristic of the Flow is negative across all three period measures. However, the Index remains “textbook oversold” through the past 16 consecutive trading days such that another contra-trend bounce wouldn’t be untoward within the broader downtrend. Indeed by the Spoo’s Market Values, price (in real-time at 3613) is 238 points below its smooth valuation line. By that measure for the other four primary BEGOS Markets, both the Euro and Gold are fairly in line with valuation, whilst the Bond is nearly 5 points low and Oil 5 points high. The Econ Baro looks to September’s PPI.