Expect no relief.
Fed day; look for late volatility.
Still have not broken any significant support.
Hard to believe congress will let the market default. Perception may have led the market lower overnight, but there does not appear to be any follow through.
Getting a bit oversold now as we test July highs.
Consolidation should lead to bigger gains.
No retest of oversold condition.
Enough negativity to expect at least some kind of test 1294 or lower.
Looks like markets are gonna wait for the debt talks to resolve before any sustainable rallies.
S&P back into a pattern of lower highs and lows.