As was the case ’round this hour yesterday, all eight BEGOS Markets are presently within today’s Neutral Zones; volatility is light. By Market Trends, yesterday both Silver and Copper confirmed their “Baby Blues” of trend consistency having fallen below the key +80% such that we anticipate lower prices near-term. Per Market Rhythms for pure swing consistency, our best on a 10-test basis currently is the Swiss Franc’s 6hr Moneyflow, whilst on a 24-test basis ’tis Gold’s daily Parabolics. The S&P 500 despite yesterday’s mild down session nonetheless recorded a fourth consecutive day as being “extremely textbook overbought”: with so much on the table through the balance of this week, we expect the Index to crack at any time. And today, the Econ Baro looks to July’s ADP Employment data, June’s Pending Home Sales, plus the first peek at Q2 GDP, which — give the steep decline in the Baro notably for April and May data — shan’t be up to the +2.5% consensus expectation. Then come 18:00 GMT is the FOMC’s Policy Statement within which there shan’t be a FedFunds’ rate change.