The qestion is: can we hold the gains we got ?

most breakouts fail, but not all of them, follow through is the key now

the wiser a man becomes the more he knows that he doesn't know

S&P 500 cash

Friday was an inside day, the break tomorrow will set up the tone for the beginning of the week. Possible C&H formation. Confidence is low.

News : "Months of anticipation will come to an end this week when the Federal Reserve finally says whether it will start to rein in its massive stimulus of the economy, which has flooded financial markets with some $2.75 trillion over the past five years, supercharging returns on everything from stocks to junk bonds."

a major top ?

we don't know, but we know that majority of people are now stuck on the wrong side of the market
 re-read August 16th blog, What do we do now?