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1070.75 on the Dec contract, 1077 on the old Sept. But we never touched 1040's in any volume traded contract. I alluded earlier to the double bottom possibility, it would have to be confirmed by a lower volume retest, or lower low on lower volume. It would also have to include NQ/NDX not making...

Rushing out of bonds here. 1.69% on the ten. A little over the top if you ask me.

There is no such thing as free money. Don't get greedy and be the last one in the room.

ES daily, note those volume bars in August:

NQ daily with channel:

The other divergence would be NQ not getting down there (August) and holding the channel support around 2144. Much like it did in March 2009, which was a massive buy signal. We will soon find out. In fact NQ could drop to 2075 and still not make new lows from August while SPX could. But today...

Traders who are only used to trading 1 car should stay out of this. If you normally trade 2 or 3 cars, this is a one car day for you, since the moves are doubled. But it still is the same basic patterns, just amplified. ZN is a great alternative contract for those who want to stay a little...

It looks like SPX could eventually try and test the ES August low at 1071 (1077 sep). The key will be to see if it does it on less volume on that day. That would signal a strong buy. We traded 6 million contracts on August 9, the retest needs to be done on less than that.

Lunch bounce coming, but with these internals not improving, it cannot make us trust a low is in. We will see if the selling resumes after 13:40.

It rides on NQ being able to hold a bid above 2185 now.

tagged to the tick.

ES support under 1120.25 is 1117.75.That could be a target if NQ cannot hold 2185. Just keep in mind that the short side is very crowded, so lots of them nervous and covering whenever they get ahead a bit.

NQ retest of triangle breakout successful so far, although with an overthrow (hourly RTH):

ZNjust can't drop below 130'10, which is a little freaky. NQ back below 2198. Flat.

I'm waiting for a retest of 1577. Otherwise, not interested. Key today is 1739/1742.

Targeting and NQ bounce to 2224 if we hold 2198.

CB leading index a beat. ES held overnights. Watch NQ 2185 support now.

ZN not making new highs (in fact well off the highs) on the ES retest of 1120.

ES looks like it will retest 1120.

Keep an eye on those yields and the low of 1.75%. If it is supportive, it could put a floor on the Dow today.