3 hours later, and with 1 hour to go before the market closes, US markets are still supported above their Daily and Weekly low support zones....(late short covering)
Often when the intraday 'Support' level has broken, the normal pattern is to follow the next day lower..so there is a possibility of another wave down on Friday.
And that's going to depend on Friday's 5-day 50% level.....
Full Report later
Posts
