Neutral-Bearish

I am still bearish because yesterday we traded up to the 50 day and closed below. This morning we are lower but it is because of the .25 point hike in the Fed's Discount Rate. So I am waiting to see how we open. If we open up and go right above the 50 day (110500) I will not be bearish anymore. I will wait to see how the market closes. Friday closes are important. Plus today there is options expiration on the close. Trade small and watch for high volatility. Resistance is 110825 and support is 108625.