ST: In Wed RTH ES generated a Value Area entirely above 3776, the 2mn control. This is encouraging price action for bulls but ES needs to hold that level. If it does, then time at 4015 would be the next positive development.
LT: from note 06/17 Time spent around 3686 increases the chances that even on the weekly time-frame we are in a new distribution down and that would be the first in more than a decade.
