The equities market has been in a sideways trading range and some observers are warning that we are in for a correction as the summer rally losses momentum. Inflation levels have been tepid, despite expectations that the Federal Reserve will keep rates lower for longer, which has fueled the stock market rally. If we just look at this relationship and the huge gap that has been forming over recent months, this is one of the few indicators that really questions the whole July breakout campaign of the SPX."