After trending up during the overnight session, prices turned lower again just prior to the 8:30 AM CST regular session opening. The overnight move up left a gap on the chart, and should prices attempt to fill that gap, that target is down at 7141.50. Prices have been in a tight range for the last hour or more, so I would characterize this as mixed trading at the moment. Because of the gap, there is a bit of a downward bias, but that does not change the fact that trading is very mixed at the moment.
This thing could go in either direction, although the market remains a bit overbought, so a correction of some type to the downside would not be out of the question. Just follow the price action and trade wisely being mindful and careful of the mixed price action.
