All eight BEGOS Markets are at present inside of today’s respective Neutral Zones, and volatility is again light-to-moderate. The resumption of the S&P’s downtrend remains quite light on MoneyFlow: indeed, the amount of money it takes to move the S&P one point is at a nine-month low; see too the MoneyFlow relative to the S&P on our MoneyFlow page, which suggests some bounce is due within the broader downtrend. At Market Trends, the Spoo’s “Baby Blues” confirmed their move below the key +80% level: of interest is that with price (presently 4129) already well down into the overall structural support of the 4100s, such support shall be broken and thus morph into resistance. On the heels of Jul’s slowing New Home Sales report, the Econ Baro today looks to Pending Home Sales as well as Durable orders.