Stock Market Analysis 30 July 2013

Yesterday, S&P 500 was going up until 1688, dropped to 1684.39 10 minutes before closing, then rebounded again, but only up to 1685.33
This suggests stocks are still trying to go up but it'll be hard as some are selling because of FOMC statement tomorrow & Non-Farm Payrolls on Friday
We should also avoid trading near end of day as stocks are getting volatile, especially before market closes

Today, S&P 500 opened too high at 1692, managed to stay above 1690 until 11am EDT before it dropped
After the huge drop from 1688 to 1684, it might rebound but the market still remains unstable
The Treasury has said it will cut debt sales, which gives the Fed a chance to taper its easing program
The market might be reacting to this news & it's now not safe to trade until the impact of the news settles
Investors will be waiting for the Fed's clarification tomorrow