Well, today's the FOMC meeting day. Now that the Fed has spent all it's money not many people care what they do. Reminds me of some women I know. Anyway, I expect some kick up today. Just in case I'll use the 10-minute, 80-unit M/A SP futures -.3% as a way back in on the short side in case the rally doesn't generate. The critical support is still at 10,285 so a break of yesterday's low by DJI below 10,270 will suck me in.
The important thing is that I1 is down and a 5-wave down has occurred. I look for a rally all the way back to the 5-minute, 380-unit M/A.
Currently short 4% SP Sep futures and long 5% TLT.
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