..has bounced but remains in weak position below the major control
On Thursday the major poc migrated to 4396, see Friday’s pre-RTH notes. I wrote “This is not necessarily a bullish or bearish development but price relative to that level is now the focus, and critical. above/below = strong/weak on the longer time-frame”.
Friday’s Value Area was generated entirely below that level – a weak position. Today ES has printed down close to 4250.
