Let's pretend you are bearish right now with a short position. You are probably sweating it quite a bit, and you will be near panic levels should we be trading anywhere near 83 going into the announcement -- because you realize you could quickly be run over.
The market likes to cause pain to the weakest players, and right now, those are the shorts.
Now, it's not all roses. Above 2040 we have months of supply that is going to be extremely difficult to break through. In fact, I would imagine the only way we do break through all of it is if The Fed does something that is viewed as QE4. And you know what, I think they will.