Overnight inventory is 100% long and at a big resistance level where we have sellers. Do we make a move out of it and hold or will we chop between that and our lower zones before the FED? We have 4424.50-4418.25 as our KEY intraday resistance level and 4378-4374.75 as our KEY intraday support. Breaking and holding above resistance today can see 4432-4437, 4445-4447, 4460-4465 and possibly 4475-4480 as our range extension. Keep in mind we already made a 100 point already in Globex so we do not expect anything big until FED, we have 4405-4403 and 4392-4389 as our support levels we can move between until then. If we break and hold below our intraday support then this whole move up was to sell inventory and we can see 4362-4359, 4350-4345, 4327-4321. Lets see what happens but I wouldn't expect fireworks until later today if they do happen.