I wrote in yday’s note “There is minor Resistance today at 4169.0, time above that level would indicate higher”. That level was Resistance in Wed RTH and again overnight. Note that the minor Support has moved higher to 4128.50 (from 3989). Also note that 4169/70 might attract time which would lift the target to 4267. In any event the reduce risk point remains at 4048.50 – triggered by a RTH close below that level.
