Doesn't look like it wants it this week. That's pretty much why I was not keen on shorts late yesterday. The nominal 40 week low is due late March. Major chop until then? I still think we fill the gap at 1286-1288 some time this month. Doesn't seem like much reward for bears.
A 2.5 week low is due Friday or Monday, so we should see market pressure come back here before the end of the week.
Then of course we will have the FED to deal with next week.
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