Friday pushed upwards but has stalled at the December 50% levels.
When we look at the range between these current highs and the 3-day lows (circled), it shows that the US markets are hitting major resistance, and it probably won't continue higher until there has been a 2-day reversal or stall.
This would normally come back to the Weekly 50% level next week, before any new trend above the December 50% level will occur.
After the initial break of the 3-day cycle, price hasn't come back and tested the breakout zone, or move into a 2-day stalling period....."shorting opportunites next week:- Higher Weekly open and expectation of a 2-day stall/reversal."
Read Full Weekly report later.
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