Price has set up an overall giant range 1038.50 - 1089.00. Premise for this morning is to see if 1089.00 holds. If this holds, look for test of 1070.00 inside support and potential 1070.00 - 1089.00 range. If 1070.00 inside support does not hold, look for move back down to 1049.50 and 1038.50. 1089.00 is a key area to watch. If price can clear it, there is not much resistance above until the 1118.00 area. I will look to initiate longs off 1070.00 and shorts off 1089.00. I will also look to hit longs if 1089.00 breaks and pulls back as well as shorts into 1070.00 with structure. Today I will continue to play the zones and execute at extremes. I must hit the moves in anticipation of them happening and avoid chasing setups.
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