The Metals Triumvirate, Oil and the Spoo all are below their respective Neutral Zones for today; the rest of the BEGOS Markets are within same, and volatility to this point is mostly moderate. The S&P 500 is showing signs of resuming what well can be a -10% correction down into the 6800s: by the Spoo (adj’d for Fair Value), the S&P at this instant would print -1.1% at the open; too, the Spoo yesterday fell through its most volume-dominate supporter at 7564 (see Market Profiles); and the Spoo’s 21-day linreg has again rotated to negative for the second time in the last two weeks; the S&P’s futs-adj’d “live” P/E is 48.8x; by Market Rhythms for pure swing consistency, the Spoo’s best has been (on a both the 10-test and 24 test bases) the 2hr Price Oscillator. Gold at 4131 has reduced to now being +179 points above its Fair Value (3952); and Silver at 62.30 is nearing its recent (11 June) low of 61.60. Again, nothing is on today’s slate for the Econ Baro.