DOW and E-mini Daily charts
US markets rotating down into Weekly support zones with 1 day remaining until the end of the trading Month and Quarter
There will be some support around those levels on Monday, but any Upside follow-through will probably occur from Tuesday and the start of the new Month.
Keep in mind that Price is trading below higher timeframe 50% levels, and a break below the Weekly .618 levels on the last day doesn’t go well for any upside moves in the early part of April.
DOW and E-mini intra-day charts Breakout on Friday to the downside and expectation price is pushing down into the lower levels on Monday.
In any normal trading set-up, I would have looked for a push down into Support and then a counter-trend move upwards, with a continued higher move from the April 50% levels.
Because Sunday is part of a trading day, the lower levels have shifted upwards, therefore it's not providing a robust lower swing point and Support:- to BUY and then hold on a short-covering reversal.
Day traders simply use the Risk and Support levels on Monday….
Above and its moving UP:- Not expecting much upside but back into the 5-day 50% levels.
Below and it’s move down into support zones..
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