I am back from vacation and the market surprisingly entered the 1630-1665 zone which I had long since given up on. In the time I was gone, my system declined all the way to the zero line in my system and we have essentially flatlined there the last 4 trading days. Suffice it to say we are at a fairly important decision point in the market. Either this bounce will see new highs above 1709 or we will crack 1604 which is the monthly low from July and this would signal the top is in although wherever that low hits we would still head back up to the 1650-1700 level. A move above 1709 won't likely get much farther than 1745 but if we do go higher from here, the market will hit new highs before the Fed decision to taper on Sept. 18th. I will post in a couple of weeks after the next jobs report as not much will be happening until then.