I think the Market is in for a short term top. The S&P now appears to be in a downtrend. With lower highs and lower lows the last couple weeks. However, With the market down 4 days in a row I do expect a pop on monday 10/5. Although, I think that will be an opportunity to take profits. I expect the S&P to test the support level around 998. We will see what happens after that. We have earnings season coming up, if the earnings are good we will continue this bull market, if not we could break that resistance level. Also I think this earnings season the market will be looking for more top line revenue growth.
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