DOW E-mini 18th March part 2

" Yesterday's price action was a sign that in the short-term the worse could be over. There is no pattern that suggests the worse is over, that will be confirmed with the break of the 3-day highs and trading back above the Weekly 50% level.,...."

Tuesday's price action is the first sign that the worse could be over, but it is now the follow through into the end of the trading week that I would like to see continue, with a breakout of the Weekly .618 and continuation towards the March 50% levels.

Expiry of March contracts this Thursday will provide a helping hand.....

Both Markets moved higher from the 5-day 50% level, and have continued higher into the 5-day highs

Only the E-mini had any selling pressure put on it around the Weekly 50% level, but the push back down wasn't far enough and both markets have continued higher....

Full Report later....