I wrote 03/27 that the Control at 5754 “may attract (more) time, but either way time printed below that level would not be a positive“. Friday’s Value Area was printed entirely below that level. For that reason I am cautious here but also; Significant Selling (red) was marked twice last week AND my Weekly Trend for SPY is now down, see second chart.
ST: a test of 5480 “may” attract Buyers but new longs are eliminated for me currently if ES prints below 5754.
