Premise for today is to see if 1099.00 holds or not. Structure is very bullish but price is due for a correction. I see potential scenarios. Either 1099.00 holds and prices moves down to test the 1059.00 and goes sideways with an upward bias or price extends 1099.00 and make a major move to the upside. Today I will watch the 1099.00 area closely and look to fade failed extensions and buy any inside supports that develop. The short side will be tough with the upward structure. If price does start selling, I will wait for a lower low if I do not hit the failed extension and the execute continuations to the next support level.
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