The SPX (all equities) are in a range. It feels that we may test the low end of the zig-zag tomorrow. There are pairs in FX that offer amazing correlation to the indexes.

CHFNOK (inverted for charting purposes) tracks the SPX very well. I can see it diverging a bit, reflecting CHF strength vs. NOK. If we see a correction, that may accelerate.

We are looking for more correlations and for levels to participate in what we feel may be a 5% – 7% equity correction.