Premise for today is to work off immediate support and resistance above and below the price. Watch the price after the open and see if the market will establish a range or make a move to retest some of the low points put in yesterday. The 1056.00 low will likely be retested at some point in the upcoming weeks. It could happen quickly or may take some time. I will assume normal trading until I see otherwise. I will look to initiate longs off 1122.50 and 1116.00. I will look to initiate shorts off 1135.00 and initiate downward sequences if the price starts building structure pressing down. If we get another avalanche I will stand aside.
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