DOW and E-mini Daily chartsBoth US markets are still range bound between Weekly channels, and any further down move in March needs to be verified with a breakout of those Weekly support zones.
Keep in mind that on Friday both markets broke the 3-day lows, often when that happens Price will move into a 2-day counter-trend move Upwards before the trend continues down.
Also it's a Weekly low and there is a large Gap to the 3-day highs:- 2-day reversal 3rd day 'sell' pattern.
Friday:- Breakout of the 5-day range lows will often push down before reversing back up to re-test the breakout.Monday:- Support and expectation price will move back towards the Breakout from Friday (expected Resistance)
Monday could end up being a consolidating trading day between Support and Resistance....
Don't trade LONGS below Support on Monday, as prices are heading down towards the March lows, as per Weekly report
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