If the Weekly support moves, then from next week there is a greater probability that price will come back into the Weekly 50% levels, test them and then move higher.
In conclusion:- the bigger picture shows there is major resistance around the highs, and I've factored in, that for any higher move to take place I would like price to come down and re-test the Weekly 50% levels first...
Weekly Report 5th April
DOW and S&P Daily charts
5-day Weekly pattern, and price moves down into the Weekly 50% level....
"Until then it's simply about trading on the side of those risk levels.
With US markets opening around the 5-day 50% levels they will naturally try and push away.
Below support and it's pushing down towards the 5-day lows and a lower Weekly close...."
11th April Report
Full Weekly Report Later...
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