Premise for today is to watch for congestion at lows. Zones are crowded in this area. I expect a test of 1100.00. Premise for the AM will be to see if 1105.50 overnight support holds. If this holds, look for test of 1117.75 potential inside resistance and sideways market 1105.50 - 1117.75 with a downward bias and premise to expand to 1100.00 and 1124.25 over next day and a half. Watch for a continuation down if 1117.75 holds. If price breaks 1124.25, look for move up to test 1142.00. I will look to initiate longs off 1105.50 and 1100.00 and shorts off 1117.75 and 1124.25. I will look to execute at extreme prices and hit pull backs and continuations after reversals
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