***Update***Trading June contract only today. Volume low on March.
The prep illustration is a little rough today due to the quarterly data rape by Ninja Trader. A continuous contract is a simple concept. Price has extended the highs slightly. Premise for today is to see if support comes in at 1143.00 and continues the grinding trend up or if there is going to be a downside correction. I will be watching 1143.00 closely after the open. I will look to initiate longs there with a retest and hold and shorts with a breakout pattern confirmation down. If the market starts selling, longs will be tough. I will be looking for premium setups only today.
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