Here's an update to a post I had made at the end of last week.
At that point of time the BN was in between 2 value areas and unclear on direction.
The subsequent move through the January value area and the halt yesterday at the exact print of value high shows the market's readiness for a 25 bps cut in rates but no conviction.
That upper value area high is important for new longs now.
Roughly 12834 spot. watch that level.