Neutral - Slightly Bullish

They had everybody short on Fri. with a late day rally up to 1007.00 where we have failed many times. They started to drift lower overnight with no buyers. We took out last weeks overnight low at 986.00 setting off some stops. I don't believe that there will much more downside today because it looks like they did most of it overnight. This trade is range trading right now. They move in one direction very quickly followed by consolidation then followed by a move back in the other direction. I have support at 977.00.