Above daily chart of S&P 500. We are in a short term downtrend but seeing strong support at 1440. Upcoming week is a short week with Thanksgiving holiday falling on Thursday. I expect the second half of the week to be quiet. Typically, we see the bulls join in the celebration ahead of the Thanksgiving, unless of course, we hear the "C" word again this week.
On the earnings front, we see more retailers announcing results this week.