Looking for Significant Buyers to re-enter at this point and recover that level or lower would look likely.
from Friday pre-RTH
ES is back in a weak position and once again Bulls would want to see 4689 recovered as quickly as possible. The 3mn Value Area Low is at 4597 (dashed line) and if the current distribution is still valid a fast rejection at that level would be expected. Acceptance (time) there or lower would be a further indication of weakness.
In the big picture, a single Value Area printed below 4597 followed by a rally could be called a fast rejection. Another VA would be pushing it.
