The stock market is still trading directionless in a tight range. Internal momentum measured by the daily breadth, the 10 day and the cumulative advance/decline line has deteriorated recently, yesterday only 1402 stocks advanced on the NYSE compared to 2116 that settled down. Daily sentiment indicators point out to a complacent behaviour from options traders towards the future direction of the market. In summary, the market is offering a mixed picture which leads us to think that the correction/consolidation we are in is still in force and may continue early October.