Today the S&P 500 (SPX) moved just +0.09% and the 14-week stochastic, one of our key indicators, is no longer showing the S&P as being in an oversold or overbought condition. This mixed market message should be expected as investors eagerly await the Fed decision on Wednesday. In terms of economic data, we saw a historically steep drop in the Empire Manufacturing June data as the economic slowdown continues.

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