We are set for the rebound at least, but it may be short lived as the broad base is still bearish. We have FOMC meeting and rate decision on Middle of Week.. It will sure the impact on the Dow Jones movemment. I will rather look for Long but be close my position if there are sign of bears coming up.
Level to watch: Support 15880, 15200 and Resistance level 16200, 16400, 16712 News: Tuesday, Wednesday, Thursday and Friday