Value Areas last week were generated below 4447 (1/2R off this year’s high) indicating that a test of the Major Control at 4353 was likley. The low on Sunday was 4355.50, just above the Control. Price printing time below that level would be a negative in the longer time-frame.
Bulls would want to see price back above 4447 but a minor sign of strength today would be price above 4397.0, the minor control.
