The indices are all over the place structurally as far as trading just above or within the September Auction. Generally, the structures are positive so the benefit of the doubt has to go with the upside intermediate term. However, our price/breadth work is suggesting at least a short-term retracement should soon occur. Important KRAs are highlighted below.

ES

ES

SPY

spy

NQ

NQ

QQQ

qqq

TF

TF

IWM

iwm

YM

YM

DIA

dia