Nothing new can be said - there are no technical sings of trend reversal, but the volume tells us to be careful.
We have to simply wait for market actions.
FED might consider selling options to ease an imbalance in interest rate derivatives (here).
Interesting technical view on the S&P500 (here).
Sources:
[http://www.marketwatch.com/story/flip-flopping-moving-averages-point-to-momentum]
[http://www.bloomberg.com/apps/news?pid=20601087&sid=avcmU5N8uBY0]
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