Building A Base

Market will try to build a base this week, trying to avoid an end of the week sell off. The SP500 has the most work to do and has to close back over 1500 basis Sept. futures to avoid remaining the weakest average. The DJI base building will be less an effort and if the average can hop and hold above 13162 the relative strength may pull the other averages up. The NQ also needs less help with a hold above 1930 basis Sept futures.