US markets are in a down trend, expectation is that the markets are heading towards the November lows in both the DOW and ES.
In the Weekly report I also mentioned that there is a probability 2-day upswing in the market back towards the Weekly 50% levels, after a push down on Monday into the Weekly lows.
Monday hasn’t come down far enough, but what it has done is swing the intra-day cycles around after consolidating between the 5-day lows of Friday and Monday.
Therefore if the DOW and ES are going to swing upwards on Tuesday price needs to remain above the intra-day cycle lows and head back towards the 5-day 50% levels, just like what’s occurred in the SPI today....
In the Weekly report I also mentioned that there is a probability 2-day upswing in the market back towards the Weekly 50% levels, after a push down on Monday into the Weekly lows.
Monday hasn’t come down far enough, but what it has done is swing the intra-day cycles around after consolidating between the 5-day lows of Friday and Monday.
Therefore if the DOW and ES are going to swing upwards on Tuesday price needs to remain above the intra-day cycle lows and head back towards the 5-day 50% levels, just like what’s occurred in the SPI today....
US report continues below...
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