The 5 minute chart is starting to look constructive on the long side and with the quick penetration of the lows and a rally back above we may have just put in a short term low.
My concern however is that the triangle pattern that we went short off of has not satisfied its downside target which is quite a bit lower at 1461-1462.
So until things clear up a little more I will stand aside.
WHEN IN DOUBT.......STAY OUT!!!