Here’s the positives from Friday’s price action:
Friday closed above the high of Wednesday’s Selling Day.
Red-at-bottom lows get re-tested abvout 80% of the time within 2 days. Wednesday’s did not.
Aggressive Buying (green) was marked.
Enough time was spent at 4672.50 to lift the 6wk control to that level, and the RTH close was above that price (which is now First Support).
First indication of LT weakness would now be a RTH close below 4645.75 (dashed on chart), Friday’s Buying Day low.
