Premise for this morning is to watch for test of 1186.25 and see if it holds or not. Test of this level may not be clean. There are multiple smaller areas of minor support going down to 1183.00. I am going to focus on the overall area. If it holds, look for move up to test highs. 1200.00 has not technically been breached yet. Could see range 1186.25 - 1200.00. If 1186.25 does not hold, look for move down to test 1172.50. I will look to initiate longs off 1186.25 and breakout shorts with structure if 1186.25 fails. The short side will be tough as few short setups have worked in the past 2 months. The market is long overdue for a correction but I must stick with the trend until proven otherwise.
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