It would look as though September is living up to its reputation as one of the most treacherous months in the stock market.<br /><br />The S&P 500 has pulled back close to where it closed last week. The 1230 area is still acting as a key area of resistance for this market and happens to be a 50% Fibonacci retracement.<br /><br />Gold and silver on the other hand are positive for the week, with gold being up approximately $50.<br /><br />Crude oil dropped down to be practically unchanged and met the technical picture we were expecting for this market.<br /><br />The same can be said for the dollar index, which rallied from the key support level of 7350 and the CRB index is up about $1.50 for the week.<br /><br />We will be doing our weekend broadcast on Saturday, summing up how these six markets closed for the week. This is going to be a very important and perhaps pivotal week in the markets. So don't forget to catch our weekend update on Saturday!
