Overnite Inventory is 100% Short. If we Open now the S&P's will Gap lower 16+ handles. The key level to watch is the 1339.25 - as that was the point of reversal after the Fed Chairman's testimony. Large Gaps like the one today do not get filled the same day. Gap rules apply - trade in the direction of the Gap. Price acceptance below 1339.25 targets the 1320 level.
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