It's hard to see a higher move on Wednesday, because a bullish set-up would have normally formed a 'hook' day on Tuesday and then continue higher into Expiry.
This hasn't happened, so at this stage the only conclusion I can make, is that price is heading down towards the Weekly lows (5-day lows)
Therefore the price action for US traders is simply to trade on the side of the blue channel...."
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S&P Daily and 5-day patternS&P breaks support and pushes down into the 5-day lows, as it heads down towards the Weekly lows...
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