Premise for today is to see if 1047.75 holds or if the price is going to continue down. if 1047.75 holds, look for test of 1061.25 potential inside support and sideways market 1061.25 - 1047.75 until breakout. The price is going to tend to want to probe 1038.50 but there has been a significant retest and fail at 1047.75 in the short term. If price extends down to 1038.50, there will be a higher probability of more significant retracement up. If price goes range bound and tests 1061.25 prior to a move down to test 1038.50, the probability of an extension and continued move down will be h
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