that 27 hi yesterday just may have been the ultimate sell & may stand unchallenged for quite some time. just had to have the stones to step up & lay them out there before the announcment......difficult to do even with a wide stop due to past fomc announcments. i`m leaning for an inside day today......or a test & break of 75.
1500 is lining up for a possible big reversal area.. will be looking to get long in this area if I get some confirmation that it wants to hold. If it cuts through it like butter.. im on the sidelines.
Snows melting and its sunny... only time can save the market, the market is at risk for a significant downturn, wont be out of the woods till next summer.