Expectation market is heading towards the March 50% level:- rising upwards from Quarterly support, above the Weekly 50% and a 3-day BUY cycle......
Yesterday played out precisely:- following the 5-day ranges with the highest probability pattern rising upwards from the R44 spiral bottom and the 5-day high @5707.
Today:- If the market is going to move higher, then the expectation is that 5707 is support and the R44 spiral bottom completion from yesterday @ 5715 should give traders an idea about how robust Thursday's trading is going to be, and where price could move UP towards, if it's trading above 5759.
Note:- Always respect the price action within the 5-day range, and if it's trading below 5707, because price will try and gravitate back towards the 50% levels.
However It's not part of today's set-up for a rotation back towards 5656
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