Premise for this morning is to see if 1143.00 support holds after Globex probe back below the area. If it holds, look for retest of 1152.00 minor resistance and likely washout extension above. Could see a range 1143.00 - 1152.00 with a potential contraction in this scenario. The market continues to be stretched to the upside and is due for a correction. If 1143.00 does not hold and price breaks the Globex extesion lows, look for a more significant correction to the downside with tests of 1135.00 and likely 1128.00. If price starts moving down, traders will likely be looking to start covering longs and initiating short positions. I will be looking to buy the 1143.00 if it looks like it is going to hold and quick to sell any break of the 1140.00 - 1141.00 extension low.
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