Note below how similar the NQ8 and the NQ100 patterns are.
The Non-SP500 stocks attracted money. I suspect that pair trades (unwinding of AAPL longs vs covering short small caps) were responsible for that move.
Index investors continued selling.
Industrials still look negative, while financials look like they are attracting some money (mostly insurance related stocks.)
On the energy front, oil dropped below its Average TEV pattern, pulling Natgas with it. Note that both patterns look similar, although Natgas is weaker. Natgas is indeed victim of the oversupplied US market while gaining nothing on possible international tensions.
The US$ is still below its average pink line, while gold is still above it. This indicates that there is no trend change for now.
Conclusions:
Markets still look weak, but a bounce could take place this week as the Fed will probably delay any rate increase or QE unwind in response to Hurricane Irma and the relief effort under way.
Of course, some NK missile launching would be negative. But that we all know.
