US markets have remained below the 3-day lows and are still trading inside the Weekly channel lows. For any further weakness in US markets, those channel lows need to break and continue down.With the lower Weekly open this week, the expectation is that price could move into a 2-day 'stall-reversal' pattern, and in theory that has completed (Sunday-Monday), and if there is going to be a next wave down then Tuesday is more probable.....
Monday's trading was a bit flat, as I would have preferred price to re-test the breakout of Friday using the lower Support levels. (just failed to reach)Tuesday is simply going to be trading on either side of support:- bounce off support and US markets are moving upwards, and with the possibilty of a reversal trending UP DAY.
Below Support and it's probably going to move lower and head lower because of the completion of the 2-day 'stall' pattern and 3rd day continuation of the trend.
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