Price is contracted mid range. Premise for today will be to play the break to either support or resistance. Action will be tough mid range. Price will likely need to build inside structure closer to the edges of the zone in order to have a meaningful breakout. Look for range bound action 1032.75 - 1006.00 and formation of inside support or resistance prior to an initiation of a move out of this area. This is a key area for direction. A break in this area will continue the short term trend down and likely lead to a significant sell off over the next week. If the 1000.00 area holds, it will be a significant lower high and price will make a continuation attempt to the upside.
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