Please read US Weekly report before proceeding.....
US markets opening below Weekly 50% level (bearish)Expectation of an UP move on Monday is simply going to be defined by the support levels (intra-day)
As we can see from today's trading in the Australian market, all it takes is Monday to move below the 5-day 50% level and the market continues down with the overall trend.
The support levels are shown above, and the expectation is that price will push upwards on the 3rd day after the 2-day reversal last week....
Below Support and it's moving down into 5-day lows, but that's not my view for Monday.
I'm expecting weakness in the US markets this week, but preferably from a higher close on Monday, and then moving down on Tuesday....
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