US report part 2


Weekly Drops are pushing the market down into lower 'support-Risk' pivots.

Weekly drops favor further weakness into Friday, but at this stage these lower levels should be used as a guide of the rest of Thursday

Thursday DOW support 13787 ES support 1532

A Weekly 'drop' in the forward timeframe favors a 'weaker' 5 day pattern this week, the length of any 'weak' pattern is random, it can remain choppy or rotate down much futher.

However, expectation of a rotation into the 5-day 50% levels are:- DOW 13722 ES 1526

Whilst price is back under the Weekly 50% levels the trend of the 5-day pattern is down.

Major support remains the November 50% levels