Wednesday's trading in US markets wasn't a good sign, price broke intra-day support overnight and has remained below during the day session pushing lower back into higher timeframe support zones.
Both DOW and ES are still supported around the higher timeframe 50% levels, but for any buying or an up bias to play out on Thursday the intra-day cycles are going to be important.
At this stage US markets are still in a 5-day choppy pattern, but Thursday is an extremely important trading day on whether Markets continue to be supported waiting for the weekly timeframe to complete.....or follow the 'Quarterly Drops' into November lows.....
Weekly extended zones in both markets are extremely important for the rest of this week.
DOW 13358 ES 1487
Full US report later...
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