Another down week for the S&P 500 terminating in a gravestone Doji, is hardly what we want to see. The correction from 1370 does not appear complete and the economic data coming into the week , mostly housing, feds minutes and unemployment, are not likelyto spur a major market movement in my opinion.

I see however a couple of scenario, one more likely than the other, that are possible into this week. I outline these in my commentary video this week and a tad more.

Dim lights

Here is the key chart for the coming week.