DOW:-US markets rotating down from Monthly 50% levels and Trading Below Weekly 50% levels:- 2-day reversal from a higher Weekly open (Top-to-bottom)
Yesterday's broke the 3-day lows, and probability is that there is 72% chance that the next day is an UP day to re-test the 3-day breakout yesterday......
Support:- Yesterday's 5-day lows @ 12267
Below support and 'price path' is to move into lower lows on Wendesday @ 12187
UP swing 5-day 50% level is an exit zone, but Resistance zone is the Breakout from yesterday...(3-day range)
E-mini:-
Exact same expectation on E-mini:- Yesterday's 5-day lows support @ 1334
Below and expectation price is moving into lower lows.
Note:- higher timeframe dynamics is bearish, i'ts trading below January lows and Below February 50% levels, and Price is pushing outward, so there is a potential that price can have a lower close on Friday.
However, there is a 72% probability that today is an UP day, and it will depend on how Wednesday closes in relation to the Weekly 50% level. Because if price has the potential to close lower on Friday (top-to-bottom Weekly close), then trading shorts from a higher open the next day or Resistance around the 3-day breakout is an ideal set-up...
High Risk trading longs below Wednesday's Dynamic low support levels
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