The “life-cycle” of the Moody’s StateSide debt downgrade was short-lived, the S&P 500 concluding yesterday in the black: the Index is now 16 consecutive trading days “textbook overbought” and the Spoo in real-time +497 points above its smooth valuation line, even as at present the Spoo along with Gold and Copper are below today’s Neutral Zones; the balance of the BEGOS Markets are within same, and volatility is mostly light. By Market Trends, the Euro’s “Baby Blues” of linreg consistency have provisionally curled up above their -80% axis; confirmation by settle would be indicative of still higher Euro levels near-term, although structurally there does not appear to be that much room to move materially up: currently 1.1270, there is Market Profile resistance in the 1.1370 to 1.1390 zone. Nothing is due today for the Econ Baro, which nonetheless has taken a bit of a hit of late.