DOW E-mini 19th Feb 2008 part 2

US Markets trading and being supported above the Weekly 50% level in both markets


With two hours left in the trading day, the re-test of the Weekly 50% level and support often suggests that markets will continue upwards into the close of the trading day...

E-mini pushed upwards into an R14 spiral-top early on Tuesday before coming back down to re-test the Weekly 50% level....

And the DOW is still trading and being supported above the 3-day break with an expected Range to complete on the upside..

Note: Not a good sign the be closing below the Weekly 50% level in the last 2-hours of the trading day...