US markets opening around their 3-day highs.My expectation this week was an UP weekly BAR followed by a down weekly BAR the following week.
I didn't think it was going to happen, but with a break of the 3-day highs today it will certainly be a higher close on Friday.
What is important on any higher close on Friday is the shift in the Weekly 50% level on Monday
(full Weekly report tomorrow)
3-day highs can often form a resistance zone, and this could be possible early on Friday, but any push down would be defined by the price reaction around the 5-day 50% levels.
This is the trend guide:- support
A break of the 3-day highs and rotation is towards the December 50% levels to close out Friday...
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