Wednesday sell-off back into the 5-day 50% level, which was what I was looking for as first partial exits for swing traders.

If both markets are going to head lower then it needs to confirm the break of the 50% levels on Thursday. Because at this stage the market can swing back up towards the highs once again..

For Swing traders still short, simply sit in the trade and hopefully it will head down into the blue channel lows and exit positions:- Stops above yesterday’s highs

Day traders:- I don’t have any clear cut entry to trade today, as markets are currently supported, but don’t look for longs below those 50% levels on Thursday…