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For today's Mid-Day Minute, Mike writes: Here is a picture of the E-mini Sept S&P after nearly 4 hours of trading. What we see is a listless index in the midst of a micro downmove that my work argues is incomplete as it heads for 1100-1098.50 micro support area. At this juncture, only a rally that pops above and sustains 1107 will argue that a complex, toppy near-term pattern is developing after the Aug. 13th-Aug 29th rally (1060-1109.75). However, as of this moment, all roads continue to point lower -- to 1100-1098.50 next.
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