Quadruple witching today. Generally I expect to see an initial AM setup or move then grind and consolidation for the rest of the day. Price has been in a powerful grinding trend up for up. I do not watch indicators much but the VIX is at extreme lows. I will be prepared to execute if the market starts moving. Premise for today is to watch the minor support levels above and below the price. I will look for the market to be range bound 1156.25 - 1165.25 with the potential for an AM contraction. Bias is still overwhelmingly up. I will look to execute breakout trades from a mid range contraction targeting the top or bottom of the zone. Also, I will look for inside structure prior to a breakout of the zone to the upside and look to take a pattern breakout trade short if minor support fails. I will continue to favor long trades until this market puts in a significant lower low.
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