Premise for this morning is to watch for potential inside support at 1167.75. Base premise is for test of 1176.00. If there is inside support at 1167.75, look for test of 1176.00 and grinding extension attempt. If 1167.75 does not hold, look for test of 1159.50 support and sideways to downward bias. It is likely that the price will push through 1167.75 and washout prior to initiating a continuation up. I will look to initiate longs off 1167.75 and 1159.50. I will look to initate a breakout short if 1167.75 starts to hold then breaks. I will also look to initiates shorts after a test and fail of 1176.00.
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