
Premise for today is to watch for a pull back to potential inside support at 1111.50 and a continued move to the upside. If price holds at 1111.50, look for a test of 1119.75 minor support and extension up. If price continues to trend it will will likely be a slow grind up above 1119.75. Overall short term upside target is 1142.00 but the market has a lot more room to the upside after that. If 1119.75 holds, look for a retest of 1101.75 and likely extension down and tough trading in that area below. Tomorrow is a quadruple witching day and the market will be prone to contractions and sudden thrusts of stop runs as positions are being moved around.
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