Action is tight this morning with minor support at 1113.50. I was forced to moved resistance up to 1122.00. This area is tough for zones as there is a freight train trend up with lots of air below the market. Premise is to watch 1113.50. if it holds or washes to 1110.25 and holds, look for a continued grind up to 1129.50 and beyond. If 1113.50 does not hold, look for a downward correction. There is not much established support below until 1085.00. Price will likely find new support and attempt to make a base prior to 1085.00. This will be an area to cover shorts and watch for a higher low reversal. Overall premise will be back to 1085.00 overall in this scenario.
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