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Traders will be watching China after long weekend

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Wall Street will uncharacteristically focus on China's economic reports and market moves in a shortened week of U.S. trading.

Mainland Chinese markets reopen Monday after a four-day weekend, while U.S. markets open Tuesday after the Labor Day holiday.

"Over the weekend here the market's looking for another response out of China," said John Canally, investment strategist and economist at LPL Financial. "Next week's data out of China is key but I'm not sure anybody is going to embrace strong data. They're just going to assume it's fake. I don't know how China gets itself out of that."

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