The decline continued in the first part of the day as we went done as low as 746 area and that was it. I was able to take some profits off the table, but to be honest was a little surprised at the light volume drift higher. Funny though this is actually a normal pattern we have been use to on days going into Fed announcements...A slow drift higher! Anyway I'm flat now on the ES and locked in a nice gain, but was expecting lower prices to be honest down into 740-25 at least. On a better Note , the remaining long position on FAS is looking to be breaking out again . I continue to ride this one up.
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