"After a strong performance last week marking new highs, the market is pausing, looking for additional fuel to push us above 1,440, which is the next significant market level - whether the fuel is in the form of economic data or central bank-related, the market will look for a positive in it," said Andre Bakhos, director of market analytics at Lek Securities in New York.
"It's almost a win-win situation - bad data will draw QE3, good data and we are on the path higher."
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