Price is sitting on 1147.75 inside support and looking weak. Retest of 1165.75 highs on Friday. Premise is to see if 1147.75 holds. If it does not hold, look for move down to 1135.00 support and potential continued move down over next couple days. Market is due for a downward correction. If 1147.75 holds, look for test of 1156.25 minor resistance. Overall premise in this scenario will be for retest of 1165.50 and range expansion. Secondary premise will be to look for 1156.25 to hold and create a lower high for a sideways to downward bias and potential continuation downward.
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