US markets 'hook' Tuesday.
This is a high probability pattern that often will send the market higher into Friday. I don't expect large gains, it will probably be back into the December 50% levels, with first target the 3-day highs
This pattern has been shown throughout the book, but what makes this pattern so robust is where it occurs in relation to the Monthly 50% levels. When it is trading above the Monthly 50% levels then I can safely say it's going higher.
This time it is not, it is occurring below the Monthly 50% level, and the break of the previous 3-day lows. (less probability)
Every Weekly sell-off normally occurs around the 5-day 50% level.
So Price is trading around the 5-day 50% level and pushing down.
Traders will know which way the market is going by the 5-day 50% level.
Back below the Weekly 50% level and it's heading down and following the overall Monthly trends.
Above and it moves slowly upwards towards the Blue channels, and probably higher into Friday.
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