It's either resistance and the end of a short rally, or a pause needed by markets to analyze Bernanke's speech while waiting for the others to make the first move.
Glad to see you have not lost your sense of humour buddy! We were looking good @ 111 '15 for about 5 minutes. I will add @ 110 '08 and be patient.
I am short USM06 from 11115, added another at 11105 and 11109. Sorry for the delay in posts of these trades. I expect that we will see at least retest recent lows if not suprpase them. Regards Steve
Congrats on the entry points but keeping a short position or betting on new lows sounds very risky -- with oil, gold and stocks down; the dollar up; and nothing in Bernanke's speech clearly indicating that markets have been wrong.