Book:- “Once the Quarterly 50% level has been reached, price will normally spend a minimum 2-3 weeks consolidating around support…the more time that price spends at this level, the more the market is pricing in value”

Just as the previous Quarterly 50% level provided a number of trading weeks around support, at this stage I have the same view in current global markets.

Next Week:- I have the same expectation next week as two weeks ago, a Weekly ‘bar’ that has an up bias, but the trend is going to be defined by the Weekly 50% level 13758.

Therefore choppy-rotating days as the markets consolidate.

US weekly Report Continues below....