The daily chart yields a mildly bearish picture for the near-term — in this context, meaning the next 4-7 days. The outlook would change to very bullish if the futures can hit 1148.25 this week, a feat that would surpass no fewer than three external peaks. There are no compelling camouflage opportunities in this environment, although a rolldown from around 1120.00 would set up a possible bottom-fishing opportunity near 1089 later in the week.
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