Thursday’s RTH briefly tested the First Support at 4672.50 and then immediately rallied, that’s positive price action, see Monday’s comments. The 10dy has moved to 4689 and price relative tp that level is worth watching today.
Last three Value Areas have been printed entirely above 4672.50, the 6wk control. That’s a sign of strength. First indication of weakness in the longer-term would be a RTH close below 4645.75 (dashed), Friday’s Buying Day low.
