Stock Market Forecast

Stock Market speculations:
Economic calendar is light today, Federal Budget Balance is expected to drop
Fed's Evans might be hinting us to prepare for tapering as there might be a deficit in Federal Budget Balance

S&P 500 might open around 1680-1684, try to rebound to 1686-1690, then drop if Federal Budget Balance drops as expected
Trading range can be from 1680-1690, with 1680 as support & 1690 as resistance, 1686, 1688 as secondary & temporary support/resistance
Overall, S&P 500 should drop today because of China & QE tapering worries, Federal Budget Balance should decide its direction towards the end of the day