E-Mini Russell is setting up for a short trade

The E-Mini Russell is setting up for a short trade off the PHOD this morning.  We saw the buyers fail above the PHOD and this usually gives us a nice price-reversal, and our biggest challenge will be waiting patiently for price to trigger the entry short @ 33.5.

Remember we have FOMC Announcement at 12:00pm EST and then the Press Conference at 2:15pm EST.  We need to assume the price-action will be sloppy between 11:00am through 2:30pm EST after the news comes out.  Be patient with this trade, and dont force it too close to noon today.