US markets:- Trend bearish trading below all major 50% levels using higher timeframes.
Extremely bearish whilst trading below the Yearly balance points.
Expectation this week is coming into Support, before any reversal or short-term counter-trend move back towards the Weekly 50% levels...
Monday support has shifted lower and Tuesday support comes close to matching lower support levels in the Weekly and Monthly timeframes (Daily charts)We can see Wednesday (tomorrow) on the DOW and the 3-day range drop lower to match the 5-day 50% level, which will interest traders on any reversal trades....
5-day 50% levels Risk guide on Tuesday......
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