The SP 500 is still in a pattern for a PB (pull back) and if it can not BO (break out) and hold 880 then it is going to continue on down to probably take out its current LOY (lows of the year) @ 825.
If the market BO the 880 level, then the next level for movement will the 930 area and it could do this after the FOMC STIR (federal open market committee short term interest rates) cut or hold is made public tomorrow at 1415 (2:15 EDT).
Stand by for more volatility this week, but not until the FOMC meeting notes release tomorrow at 1415. Today could be a relatively quiet day with low volume.
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