Feds are now started talking about 50pts cut at the end of July. If this is the case expect total melt up pass 3041 to 3087 level following vast sell off. The reason for the following sell off will be public doubt about Feds policy and that the economic situation is far worse, hence Feds late to the party and trying to catch up with 50 basis pts cut. As per my older post I'm still long with closing positions 3041. Watch for more upcoming pumping dumping news.