There is a turn due in equity markets over this weekend, so in view of the recent weakness it is worth replacing some or all of the long positions that were initially taken on the 24th/25th August. There are no new compression or extension signals but the bottom extensions that happened on the 24th are still ‘in date’ and there is some reason to expect that this turn will mark a low point. This is not expected to be a long-term trade. A refreshed S&P chart:
