For the asset classes I track (ie major stock indexes, safe havens, global ETFs), here's the current update above vehicles above all pivots:
To translate, all USA main indexes have fallen below AugPs, but look at the global indexes holding firm. The story is of course China strength and $DXY / $USD weakness. It is interesting that the global indexes have stayed so strong as 2 key safe havens, GLD and TLT, have moved above all pivots.
Often the best rotations are what holds up best in pullback - for example, KWEB far above AugP the two days that QQQ broke. Other times the best buys are a sudden change of pivot status, especially with moving averages and some MACD or RSI point on your side.
With this in mind - it seems that either safe havens drop and more USA main indexes join the list of risk assets above all pivots, or global indexes fade as safe havens maintain strength.