Just like the Aussie market today, I don't have a view on direction other than trading on the side of the blue channel in both markets
Yesterday's view was short-covering in a down trend, and if prices are going to move lower today then it will push lower when US markets open..."
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S&P Daily and 5-day pattern
US markets continue the downward trend towards June's lows next week, as Friday sells down on open.
Expectation June lows will reach and probably continue down into a double monthly low pattern in July, before any sustained monthly counter-trend move upwards occurs.
Weekly Report out later.....
http://usindexweekly.blogspot.com/
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