Another distribution day …
Tomorrow is Fed day... It is gonna be boring till 2:15br /br /Considering the big picture that suggests a multi-day sell off as a start for the impending intermediate term downtrend, my best guess is we gonna rally after the Fed to reverse next day. Because Fed pattern suggests a reversal after the Fed day or the day after. br /br /If we sell off, it wouldn't fit quite well in the big picture as the sell off should lead to a multi-day rally that will distort the intermediate term structure. br /br /But in case we sell off, it will have to be a severe and sharp, like we test 810 or something because this sell off on Fed day will likely be followed by a reversal that will start a multi-day rally. Again, considering the big picture, this rally must stop around 875-880. Therefore any sell off on the Fed day must be deep to make enough room for the next possible rally that should die around 875. br /br /Staying massively short from 865...br /br /br /a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://3.bp.blogspot.com/_ZdctlOEsqMQ/SfdtkjzXtJI/AAAAAAAABm4/8vuboStlXTs/s1600-h/DC_Capital_02+Apr.+28+16.41.gif"img style="cursor:pointer; cursor:hand;width: 382px; height: 253px;" src="http://3.bp.blogspot.com/_ZdctlOEsqMQ/SfdtkjzXtJI/AAAAAAAABm4/8vuboStlXTs/s400/DC_Capital_02+Apr.+28+16.41.gif" border="0" alt=""id="BLOGGER_PHOTO_ID_5329849158869693586" //adiv class="blogger-post-footer"img width='1' height='1' src='http://res1.blogblog.com/tracker/2192317321691025209-4246831355230840730?l=xtrends.blogspot.com'//div