So Far So

Indexes have built a first line base and have some measure of support on any corrections. The DJI, Sept SP500 and NQ100 look confirm a major bottom with closes over 13690, 1510.5, and 2006.75 which are the August 8th highs. If the market believes it has weathered the worst of the downside, there is plenty of cash to retest the season highs. Should that occur, liquidation will appear significant enough to make continued gains doubtful for some period of time.