US markets followed the price pattern down following the break of the higher timeframes and expectation of US market heading lower.
Day traders:- had the perfect set-up on Thursday, a rotation upwards into 5-day 50% levels, where any longs were exitted.
And then the expectation of a rotation back down into cycle lows and 5-day extremes.
DOW reached the 5-day low @ 13158; (exit zone the cycle lows)
ES reached the cycle lows @ 1460 (exit zone)
Full US report later.....
Posts
