The light volume meanderings of the market continued today throwing a monkey wrench into my perfectly laid out path it was SUPPOSED to follow. Oh well. Actually I mentioned the move could unfold in a different manner than I laid out (as if that needed to be said) and that's exactly what appears to be happening. The 1262-65 level has turned into a H&S neckline inside a larger H&S pattern that exists. As a result, the market's having a hard time breaking through it to the downside on low volume and better than expected economic reports.  Doing so would bring out the scenario I laid out a couple of nights ago with a quick move down to lower levels. But it doesn't have to, obviously. It's still my favored scenario currently, but it's running out of room fast to the upside. Any move above 1291 is going to have me concerned and any move above 1300 may finish the job and convince me the H&S series of patterns isn't going to play out. This really is a dicey place right here and actually has been for over a week as light volume moves can be much more unpredictable than normal volume market moves. If the market breaks higher, that 1320 mark will come right back to the fore front of my focus. I don't think this will be settled until the volume returns in September. You may want to just keep your powder dry for now.