Well we getting the bounces from the oversold structure of last weak but to be honest I thought we would have bounced more. I am looking at a bounce to probably 1097 area to reshort.Today being FED day should be a boring day I would not try and trade today as FED days volume usually start tappering off @ 10:30 till the announcement @ 2:15. Also remember today is also Bernanke's confirmation.
So numbers to watch 1097 then 1103.
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