Looking ahead to next week there are a few trends to watch. First, whether the market is able to break through 240 on the upside and hit new highs or is it going to continue to trend lower.
Looking at the market, going into Wednesday there does not seem to be any catalyst to move the market much. Therefore, I think it is smartest not to push any trades.
The market continues to fill last week’s gap with slight pullbacks across all sectors. Gold got hit today on the expectation of a rate hike at next week’s FOMC meeting.