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No support just yet, so additional weakness possible into Wed/Thurs

45 min to go,  S&P has gotten down to the 2073-4 target.. But nothing really suggestive just yet of any sort of major support here.. We've seen Breadth get worse at 3/1 negative while nearly 4.5/1 volume into Down stocks-  TRAN and IWM both leading to the downside and WTI crude has accelerated lower into its close, down nearly 5%.  Whether or not Crude is a good guide for S&P, we've seen crude losses, along with USDJPY breakdown and GBPUSD breaks today, all of which look to be important, while S&P moves to new 2-day lows and most of Europe at multi-day lows- so could definitely see 2-3 days of weakness as recent move consolidates, and not much to suggest now that this is just a one-day affair.  Energy and Materials the worst performers, while the Metals stocks remain VERY elevated, stretched and starting to see Bearish options flow-  Demark signs of exhaustion will appear by tomorrow at the earliest.. So expect this group to stall out by Wed or Thursday and back off while Silver can be shorted technically on any further bounce tomorrow near today's highs, and has already backed off earlier highs today, as this move looks to be reaching an end even in near-term.   Signs of downside exhaustion in some of the global bond yields with German Bund yields and UST signaling that Wed or Thursday could be important for reversal -Today has seen TNX breakdown UNDER 2012 lows, but sentiment getting frothy for US 10yr -  But until we see some reversal in yields, stocks could remain weak over next couple days.... And the Breakdowns in the currencies and yields look to be important to monitor along with the Financials which in relative terms are down near key support vs SPX near prior RELATIVE lows..   EURO also breaking down vs US Dollar today after attempted bounce and moving to multi-day lows which could allow for a pullback down to 1.09 or even 1.0825 area, which would mean DXY as a whole could have a big move to the upside and should be bearish for commodities-  For now, the commodity space has shown a bit of wobbling, but nothing too substantial to argue for a bigger breakdown-   For S&P-  Prices hit first target, but under 2073 has little until near 2057 or 2043-5 and expect these areas could come into play this week-  for today, the REITS providing some of the biggest gains, with EXR, PSA and O leading all S&P stocks each over 2%.. While CPB, KR, DPS also higher than 2%..  On the flip side- HOG, DHR, and SWN all down more than 10% and MUR, CHK FCX, MRO, NOV and SWKS all lower by more than 5% on the day-  Let me know if you have questions