Make or Break.
4.080 is the Inflection Pivot for the week.
If the MKT is going to resume its run off the Apr 27, 2009 move low it will stabilize above here and not look back targeting the 4.880 resistance on the next advance.
A held break under 4.080 is not so much negative as it is digestive. Expectations will be for some big sideways emotional action with the 3.820 area the initial target on a retreat that could easily extend down into the 3.4’s.
JS
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