Contraction this morning. I am having some data issues so had to improvise a bit with last nights 4000 tick chart. Premise for today is to watch contraction and play the breakout up or down. Overall premise that I have had for the past few weeks is a test of 1147.50. Market is still trending up and has had no significant pullback. I will look to initiate longs off 1132.50 inside support with some confirmation that it is holding or contraction breakouts up or down into 1132.50 and 1147.50. If the action stays mid range and gets ugly, I will wait for a test of the top or bottom zones.
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