Big move up in the Globex session. Premise for today is to watch for pull back to 1186.25 minor support area. If this holds, look for move up and test of 1200.00. If it fails, look for correction down to 1172.50. The other potential scenario is a contraction in between 1186.25 and 1200.00. I will look to initiate longs off the 1186.25 area after an AM move down and shorts off 1200.00 and 1186.25 if price pulls back to this area and builds downward structure.
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