DOW and S&P Daily charts
Morning Report "Two down days in the early part of the trading week from a higher Weekly open, but at this stage it's too early to tell on whether there is going to be any higher moves on Wednesday using the Weekly lows as support.
I would use the 5-day lows as support, with the expectation that prices will be capped below the yellow channels on Wednesday."
S&P Daily and 5-day pattern...S&P moved up from the 5-day lows and back into 'Resistance' on Wednesday, reversing back down into the 5-day lows, which was part of the morning report....
- Daily Trading Set-ups & Analysis
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