Quick Opening Update: Bulls Running Out of Time To Move. Jan 7th Chart

Literally nothing changed (in price or in technicals) since my last update but figured I’d send out another very quick one here. Price continues to play technical ping pong between 4680-4708 and as I posted yesterday, if price dips off 4708 bulls want no lower than 4670 for it to be considered healthy and as of writing, this happens to be the exact morning low that was set after todays 830 AM NFP jobs report. Bulls are running out of time to get this relief bounce extended to the next leg up. Here’s what I’m seeing (chart & analysis below)