NQ - 1 Hour / 8/8 E-MINI NASDAQ-100 FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) CME_MINI:NQ1! HK_L61 Pirce Objectives overhead 16650, 16661 & 16671/676. Large Gap Fill 16505 below. Continued Weakening of Breadth and now 4X Negeative Divergences once again. ___________________________________________________ TSLA is driving Globex / ARCA trading with a PO of 1176.20, currently up 2.68% @ +30.48. The VXN is now ranging between 20.74 and 21.76. ___________________________________________________ JPM was out with repeated warnings to Equity Valuations all last week, following the Federal Reserve . 1800 - 2500 Fair Value mentions were provided in the Event the probability of a sharp adjustment to Valuations come into the Trade. Q RATIO CAPE RATIO SHILLER P/E RATIO Pick a Ratio... All @ Extremes, and waring of an outsized correction. ___________________________________________________ Tuesday, as we indicated last week would be the Day for the Pivot Lower, it remains the outlier day for a Correction. We shall see, this Week...will be interesting as it is set up for intense VX. ___________________________________________________ Resistance is trading First this morning.