US markets have continued down following the Weekly trend down, confirmed with the break of Support.
DOW now moving into Yearly Balance point @ 13157, whilst S&P is below it.....
Weekly report 30th December:-
"This week’s expectation was a lower Weekly close, this was confirmed by the failure of the 3-day lows on Friday. A lower Weekly close this week, has the potential to send the market down into another lower Weekly close.
And at this stage with price trading below all higher timeframe 50% levels and the 3-day SELL cycle, my expectation is that price will be under pressure early next week.
Looking for a push down into 13304, a break of this and expectation that next Week will push much lower. There are ‘Drops’ in the forward Weekly timeframe which also favours further downside.
Note: any push down next week will see markets down towards the Yearly BP @ 13157"
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