Price is contracted this morning after yesterday's move. Direction is conflicted here. Price is trying to decide if it will test the 1041.50 lows and try to extend or make a move back up to the local overall top of the range at 1106.00. Premise for today is to let some structure build as we are mid range. Trading could be tough. I will look for signs of a descending triangle and play off 1053.00 support and the upper trend line. If price moves up off the 1064.00 area (not marked) I will for a test of 1077.00 or a significant higher low to play. I have illustrated my execution areas.
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