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The market tried to rally today and when buyers ran out of gas the downside was tested. Trading volumes were low and we can expect the same tomorrow. We are “dead till the Fed”.Best option is to trade in option call & put with properly hedged calls. No one is expecting a rate hike tomorrow, but hawkish comments could pave the way for a December increase. If this pans out, the market will not like the tone and we are likely to breach the 100-day moving average. September is typically a weak month and we could even test the 200-day moving average. If the rhetoric is more benign, the market is likely to rally.