Decision Time For The Bullish Pattern: Feb 11th Chart & Plan

Today was a day traders market - big directional moves that paid both bulls and bears, but ultimately bears won the day closing near the lows. It was a headline driven day (first the CPI number, then Bullard’s hawkish comments) but as usual, price reacted well off the levels despite this, ping ponging between my core levels all day. Despite all this chaos, price is still rangebound between the 4455ish and 4580 zone. Decision time now.

We are now back at that 4455-65 support that has been critical support all month, and bulls essentially only have two shots left at the direct case higher to 4700 before it is invalidated. I will be discussing this today and how I am trading it, as well as some recent developments related to the RSI, and some final comments on how all this lines up with seasonality. Detail below