I’ve been writing for weeks “The first sign of weakness in the LT would be a Value Area printed entirely below 4391.50”. That’s what we saw yesterday. And 4391.50 is now 3month control and First Resistance. pre-RTH-open today that Resistance has been tested but not exceeded. Price printing time above that level would now be the first sign of strength and for the first time in a while Bulls have it all to prove. Price around 4355 or 4414 might attract time.
