The stock indices and their proxies are all trading below their respective High Volume Nodes for the September AUCTION. Consider favoring shorts as long as this is the case. There has been some attempt at a rally but little actual price retracement has occurred, so far. This signals acceptance of VALUE at present levels and leaves the door open for further downside trade.

ES

es

SPY

spy

NQ

nq

QQQ

qqq

TF

tf

IWM

iwm

YM

ym

DIA

dia