Not much to say about the market in the last 24 hours other then that it seems to be in balance and holding itself up. It really just a matter of time and then we should see at least a test of the downside value areas. I am looking around 8220 in the mini Dow futures for a test. I will say that I am a tiny bit surprised that we did not get a test yet. However I would have expected more bull interest today if the market really wanted to just look over the reversion. The longer it hangs out here the more the probability becomes of a test of lower value area.
This chart shows how the market has just been in a tight range around the developing value.
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