Please read the Weekly report before proceeding.....
US markets are trading around Quarterly support zones, but under the important Yearly 50% level that defines the 2nd stage of a 'bear market', using the Dilernia Model...
Even around support, the trend won't change until price is trading back above the Weekly 50% level, which I think will send the market back down...
Even though the market can often remain supported around these lows, there is still a high possbility of a 'blow-off' bottom on the Weekly charts... (Weekly Report)
Whilst price is trading below the 5-day 50% level, then the trend guide is to follow the market dynamics lower....
Friday's lows are the trend bias for Monday, as was the case with the Australian Index 5-day lows and 44 Spiral tops......
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