Premise for today is to look for a pull back to potential inside support at 1070.50 and a congestion with a sideways to upward bias. Price is close enough to 1100.00 to get pulled up toward that area for a test. Price is stretched in the and going to be prone to move sideways or grind up. If 1070.50 does not hold, look for test of 1055.50 and potential continued correction down. This is a key area. If price can not get to 1099.00 it could roll over hard. If price tests the 1099.00 area and is able to build inside structure and extend, I will be looking for a powerful continuation up past 1120.00.
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