Short term update

UPDATE: The price is again bellow EMA50 on the hourly chart and if it stays there we will have a signal. I will say the system show short signal at 1551 with stop 1559 (3:43).

UPDATE: Its worth a try on the short side(currently 1555-1556) with stop(1559) above the high for the last bar on the hourly chart(12-13 o'clock). Text book entry will be to wait for a move bellow 1545 with stop 1559.

UPDATE: System stop moved to 1544

Ups they did it again:) What I mean? Two weeks ago I wrote that I do not like such moves crawling slowly up, this time 2-3 points per day, because the outcome is one red day and two weeks of gains are wiped out. I look at the futures today and what do I see? - ~1535 the gains wiped out. Can you do something - no. That is why I do not like them and I was out early. This is not for the first time and it will not be the last time:)
I think that this is the trigger for the correction. The question is how exactly it will play out calm down around support ~1530, up till FOMC and topping, or just continue moving lower. We will know this in the next day or two.