I was suspecting this item.
http://www.valkyrieforum.com/bbs/index.php/topic,25289.0.htmlThat connector in the IS under/around the battery box.
Upon searching on this problem, most seem to be this issue.
I'm going to need a second set of eyes, then get under the bike and find that harness section, and pull/wiggle it, and see if the light changes. Along with the 4 Pin connector in the r side neck, pull it and see if it's still lit.