There is a little range that has been set up by price action over the last couple of days. Â The range is between 3475 and 3389. Â I will be watching price action at these levels. Â The current trend is biased long on. Â However, we are at the lower edge of a larger short move fib zone retracement confluence area. Â This translates into fairly decent resistance. Â So, though the short term bias is long, it is a cautious long at this point because these are areas where a reversal can take place. Â Enjoy.