S&P made a high of 1214.50 which is an extreme. Pulls back from extreme to find support at 1203. We will attempt entry at 1207.25 and hold 1199.75 as initial stop loss. This trade is complicated by FOMC meeting, motor vehicle sales and man'f survey. It is very important that stops are in place and targets are cleary set. If 1214.50 isn't broken, profit should be taken. If 1200 does not hold, we may have a reverse setup where we get short and try to test 1180.