Premise for today is to watch the 1101.75 area and see if it holds. This is a key area and a line in the sand. Price is looking weak as it approaches this area. It would be a good support for a short squeeze. I will watch this just after the open. If it holds, look for a test of 1116.50 and a sideways market 1116.50 - 1101.75 ahead of the Fed announcement tomorrow. Scenario #2 is that 1101.75 breaks just after the open and price starts to sell. If this happens, watch for test of 1184.50 and potentially a deeper correction. An extended move down today would be a lower probability event but structure is set up for that to happen if price clears 1101.75.
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