Expecting A Bounce

Of the mildly wounded, possibly dying cat variety!

If any rally today manages to exceed yesterday's high, at 1053, we're looking at ~1070 as the next stop. Support at 1033 is substantial, with more important support at 1014 and very strong support at 1005.

Clearly, the risk reward for a short trade at this point is not very strong, on a day to day basis. We'd short into rallies since in the mid term (3 months), being short makes the best sense it has in a long while.