I was looking for follow through to the upside in the S&P 500 on Tuesday. When the US time zone began to trade the market rallied to 4588.75. As the market absorbed the hawkish comments from Fed Gov. Brainard the market broke to the downside through the previous by level at 4565 and below the Barry sell level of 4550. As a swing trade, the buy failed and created a loss and a short position at 4550. We are approaching levels of support, so it's important to be cautious on the short side for this market. Without new news, I am not looking for a dramatic move lower on Wednesday.