Another day of hanging around as the Dow fell 179 points on good volume. The advance/declines were positive. The summation index is still barely in an upwards trend. It was a mixed bag as the NASDAQ posted a small gain and the S&P 500 had a slight loss. Just waiting on the Fed and that should get things going tomorrow. The S&P remains short term overbought. I did place an order for the SPY December puts but it wasn't filled and I canceled it towards the close. The time has probably run out on this idea which is fine. I do still think that we'll be hitting new all time highs for the S&P 500 before option expiration next week. I could be wrong. Gold was up twenty bucks today. The US dollar was a bit higher and interest rates creeped up for the most part. The XAU bounced back 11 points and GDX was up 2 3/4. Volume was a little shy of average. The short term indicators have turned back up for GDX. Mentally I'm feeling a bit tired. The VIX was up slightly today. It remains short term oversold. I'm not sure where the VIX is heading next. I'm not convinced that the Fed will be lowering rates tomorrow and that would spell trouble for the stock market. We do not have a solid technical signal now one way or the other so it's the sidelines for now. Hopefully we'll get a trade in for the December option cycle. Asia was generally lower and Europe mixed overnight. All eyes and ears on the Fed tomorrow.