In our weekend update we advised we were closing all short positions Monday morning, which co-operated with a nice early dip for profit taking on these positions. I have no opinion here except to say, there are more charts looking constructive then there were a couple of weeks ago.

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What the FED does and what they say in the post announce comments matter, and they matter a lot. Let the dust settle and see where things are. No need to trade the volatility. No need to wade into the middle of a potentially tumultuous market. Let it settle out and see what opportunities present.