Premise for today is to see if the price continues to trend down or if it make a bounce to the upside. Price is currently trying to break and extend 1084.50. I will watch for a pull back and to 1084.50 or 1090.50 in the early AM and look for a continuation down. If price moves back above 1084.50 and hold, look for test of 1101.75. If price does not retest 1084.50 and moves straight down to 1070.50 pre market, look for move to test 1084.50 just after the open and potential range 1084.50 - 1070.50. There is room for a major move down but price is a little stretched and going to be prone to short squeezes as it moves down. Shorts need to be made at the initiation point of the leg down and not chased.
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