DOW and ES-minis:-
"With the today's Dynamic lows lower than yesterday, I expect slightly lower prices on Wednesday before any rotation back upwards towards the 5-day 50% levels, and hopefully further gains....." (earlier report)
Both US markets came down and re-tested the lows providing perfect enteries using dynamic support using three timeframes:- Monthly Lows, Weekly lows, and Daily lows on both these Markets.
For Those traders LONG it's now managing the positions in both markets.
I would have liked more of a bounce in both markets, and what we need to see is a move above the 5-day 50% level tomorrow and then a continuation back towards the 3-day highs....
Partial exit both US markets at these levels and move stops to below today's lows, and hold for a potential break of the 5-day 50% level tomorrow.
This week's trend is going to continue to be defined by the 5-day 50% level, so there needs to be follow through tomorrow....
Full US report later..
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