Wall Street hangs up!

After three days of acquiring gains the Wall street has paused in its momentum.with the news that the National Association of Homebuilders is set to release its housing index for June,all eyes and ears are open for a take on the U.S economy and this will have an impact on Wall street.
Coming back to today,the Wall street paused in its momentum and there was only sideways momentum after that.this could be due to a variety of reasons but with speculation that a takeover is imminent and that Alcoa is involved may cause the market to react.so the sideways momentum of the market will change.but will there be any more gains.well,lets sit back and watch as all indicators are pointing to a sideways momentum.could go either way!