The VAH, dashed line on chart, was probed last week (rejected) and again yesterday. Acceptance (time) at this level or higher would be an indication that we are in a new distribution up. The last 8 Value Areas have been printed above the Major Control at 4354 – that’s a positive.
In the ST: The 6week control has just migrated to 4568.0. Price relative to that level is worth monitoring today above/below strong/weak on the minor time-frame.
