Tuesday -- Jitters, Valid Targets, Stops

ES Futures:
Once again shaking off overnight jitters.

News:
Rumors of China QE sent markets higher yesterday until reality set in and the PBoC denied. Still a stimulus junkie market.

And a buyback one, too. Apple will increase their buyback over 50%. That says, "Hey friends, we've got no more innovation, just accounting."

FX:
AUD stands out again. JPY looks a bit shaky. EUR appears as if it's still bouncing before new lows.

Treasuries:
2s - 30s continue unimpressive price moves.

Energy:
WTI crude still pondering the 23.6% level. NG hit new lows yesterday but the move away from them looks corrective thus far and has very little volume.

Metals:
Gold hugging 1200, seemingly with all its got.

S&P Outlook:
Yesterday's reversal opens the door to the possibility that the wave three scenario may have peaked. The decline looks corrective thus far, but such reversal action, occurring just ticks above the 2125.40 Fib target, demands attention regardless.

Ticks and A/Ds ended up with more gusto to the down side which is also noteworthy.

Also, in that the Fib confluence is so tight, I made an error on one of the levels simply because I could not read the numbers as they were jumbled together so much. I have also found yet another target in the 2149s as well.

So, valid targets still are: 2148.70, 2149.35, 2149.55.

Below 2091.05 would certainly get my attention, and likely the attention of many others.