DOW and E-mini Daily charts
As Per Weekly report:- Expectation Weekly highs would play out resistance and rotate back down.
Looking for consolidation into the end of the trading Month where the April Dynamic ranges would give traders a better idea on the strength of the trend....
DOW and E-mini intraday 5-day chartsDownside was confirmed yesterday with price breaking support, and the expectation is that price is pushing down into Support the next trading day.
The trend is going to be defined by the Risk levels (red), as shown above.
They provided the early warning of continued weakness on Wednesday, and the same will apply today :- High risk to be shorting above Risk on Thursday.
Ideally a push down into Support on Thursday and hopefully a 'short-covering' rally off support into the close.
High risk trading longs below 'support'
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