S&P DOW Trading 17th June Recap

In the Weekly Report there was an expectation that Monday would reverse down from the Weekly 50% levels and move down into the 5-day 50% levels.

If the US markets are going to continue higher this week, then traders would need to see 'HOOK' day back above the Weekly 50% levels....

But we also need to keep in mind that both the higher timeframe Weekly and Monthly 50% levels can be major resistance zones.

The Premium Report



S&P Daily and 5-day pattern

S&P moves up into the 5-day highs, matching the Weekly and June 50% levels and then pushing down into the close...

Even with Expiry this week, it's going to be hard to see a continuation higher, because the 'HOOK' Day would normally have occurred on Tuesday, which it didn't.


  • Daily Trading Set-ups & Analysis
  • Index Futures SPI, DOW S&P, & Forex
  • Subscribe to the Trader Premium
  • http://www.datafeeds.com.au/premiumtrader.html



    • Posted by