"It's not often that you see the week of contract expiry not move higher into Friday, but with Tuesday's failure to break the Weekly 50% levels, and then reverse down confirmed with Wednesday's break, I would expect downward pressure with only short-covering rallies for the next two days..
Support and resistance shown above, and those levels are my ranges for Thursday..."Premium Report
S&P Daily and 5-day pattern
Expectation of short-term covering rallies occurred on Thursday hitting the upper resistance levels, but I would have like Thursday to push down slightly to get a low Risk entry to trade upwards on Thursday....
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S&P Daily and 5-day pattern
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