US markets move into a 2-day stall at the start of the trading Week, with any further weakness towards the Weekly 50% level in both markets:-DOW:- 12348
E-mini 1358
Expectation that February is a consolidating Monthly pattern around the higher timeframe 50% levels, therefore we are focusing on regressive trading- swing trading using 'spiral-points' and timeframe levels in the market
At this stage it's about rotation towards 5-day 50% levels and then trading outward within the 5-day pattern ranges.
Yesterday's trading was a simple trade down towards the 5-day 50% level using the Sunday Range breakout...
Tuesday, look for rotation down in the 5-day 50% levels and 3-day lows:- Expected support.
Same pattern as last Monday, and then the market rising higher.
High Risk Trading longs below Support...
Daily range resistance @ the 3-day highs and Sunday low breakout....
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