Last week the S&P 500 stalled out around the 1338 resistance zone. If the selling continues on Monday, we could be in for a "deeper" correction. However, if money moves back in we might be seeing new highs in the S&P500.
As of now, I do not know what direction the market will take. I will be paying close attention to the market Monday morning. If selling continues I may lighten up a little further on some equity positions.