As we saw ’round this time yesterday, trading in the BEGOS Markets is quite narrow, all eight components at present within today’s Neutral Zones and volatility is very light, albeit in the context that trading ranges have expanded significantly in recent months. Yesterday’s PCE data for February was not Fed-friendly as we’ll further display in tomorrow’s 856th consecutive Saturday edition of The Gold Update. The leading MoneyFlow for the S&P 500 cautiously suggests lower levels are ahead: by our page thereto, on the one-week basis the Index “ought be” -91 points lower than ’tis (currently 6825), on the one-month basis -139 points lower, and on the one-quarter basis a more dire -807 points lower; as trading/investing entities start to sense this going forward, it can pressure prices. The Econ Baro wraps the week with April’s UofM Sentiment Survey, March’s CPI and Treasury Deficit, plus February’s Factory Orders.