Below is what we discussed early this morning... Nothing has changed... yet...
The bullish coil that we were discussing throughout yesterday's session is history, now that the e-SPU has traded beneath 2111-2110, which has morphed the rest-digestion period into a more traditional correction of the upmove from the June 16 low at 2062 to the June 22 high at 2122.
Key support resides at 2100-2097, which must contain forthcoming weakness to preserve the bullish-form of the upleg off of the June 16 low.
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