US report 26th Nov 2007 part 2

US markets are still defined by the 3-day highs and Weekly 50% level, and this push lower on Monday is what has been happening on most Mondays over the past few week...

"Mondays:- Each week has seen Monday push lower, and if any up move in the markets is going to happen it happens on Tuesday. If this is going to do the same then the 3-day highs (blue channels) is going to push prices lower (random length-stalling day)

(Lower Daily close followed by an UP move from a lower Daily open the next day.(Weekend Report)"

The Lower Daily close and Tuesday's 5-day 50% level is going to be the guide on any reversal back towards Monday's highs once again.

A break below last week's lows and market path is towards the Weekly lows...

Full report later..