DOW and ES-minis
US markets rotating upwards from November lows and heading towards the 3-day and Weekly 50% levels. (follow from Weekly report)
Just like what has happened on the SPI today, you don't want to try and fight the trend if markets are trading above certain levels. (Weekly 50%)
A higher open on Monday will probably try and fade the open down. Any push down would normally occur from the Monday (blue Channel highs).
Any rotation back would be towards the 5-day 50% level and exit.
Day traders look for 45-51 point moves on DOW and 4.25 moves on ES (double Ranges) if short-trading.
Don't short above 3-day highs.
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