The rotation back towards the 3-day highs has completed, with any break of the 3-day highs on Thursday and the expected push is towards the Weekly 50% level.
Both US markets will be trading around their 5-day highs, which I would normally look for a rotation back down into Support....
If US markets are going to go higher, then Support would hold and then close higher, with a similar pattern as Wednesday:- test/support/ and Rise.
Two Plays:- 5-day highs reject price down into Support early on Thursday, and then rises higher towards the Weekly 50% level....
If the 5-day highs breakout and continue towards the Weekly 50% level, then I would look for a rotation back down on Friday..."
DOW daily and 5-day pattern
US markets opened higher on Thursday pushing down towards support and then reversing back UP towards the Weekly 50% level and stalling....
Friday's Report later.....
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