Continuation from previous report.....
Around Thursday's lows we want to see some early rotation upwards with both intra-day cycles as RISK levels...
The 5-day 50% levels have defined this week's trend, and on Thursday the 5-day 50% level has dropped down to 13414 for the DOW, and 1487.50 for ES.
The 5-day 50% level matches the Weekly breakout channel low:- 1487 should give traders a clear idea of the trend on Thursday
The expectation is that this weekly trend will continue down, and these 5-day 50% levels will define the trend on Thursday with the expectation that the move will continue down into the 5-day lows.
Lower Daily opens in falling markets makes it hard to short markets unless they rise upwards into resistance zones confirmed with breaking the intra-day cycle lows again.....
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