DOW and E-mini Daily chartsFirst time in 2008 that prices in the E-mini have close above the Weekly range highs, whilst the DOW has stalled at the highs once again.
It is also the first time in 2008 that prices are moving above the Monthly 50% levels, which in turn could see higher Price by Friday, (bottom to top Weekly timeframe)
US intra-day 5-day chartsPrices started the move up from Support and continued breaking the 5-day highs.
A 5-day high breakout and expectation prices will move up into the 5-day range high the next day.
There is also an expectation that prices will come down and re-test the 5-day break and 5-day 50% level before heading higher into Friday, if US markets are heading higher.
That would be the ideal set-up on Wednesday, a move down and re-test the 5-day breakout and then continue higher on Thursday.
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