"US market nearing the July lows....
Whilst the S&P looks like rejecting price around the channel and sending Monday lower, and into the 5-day lows"....
Morning Report
S&P Daily and 5-day pattern
S&P hits July's lows, and the DOW isn't that far behind.
S&P on Monday, followed the set-up once back under the 5-day 50% level and moving down into the 5-day lows and finding support.....
Now it's a case of waiting the first sign that a reversal in the market in July is going to take place with a break of the 5-day highs, as per Weekly Report.
- Daily Trading Set-ups & Analysis
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