Price is in a vacuum between 1176.00 and 1200.00. There is no significant established resistance until 1200.00. Premise for today is to see if price pulls back to 1176.00. If this holds, look for retest of yesterday's high and building structure for a run to 1200.00. If 1176.00 does not hold, look for correction down and a test of 1162.75 and 1159.50. It will be tough trading if the price moves up from the 1182.00 area where it is at this AM without a pullback. I will look to initiate longs off 1176.00 and breakout shorts with structure if 1176.00 does not hold. Price is due for a correction down and everybody is watching for 1200.00. I would not be surprised to see the market correct down prior to the test of 120
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