S&P (e-mini) DOW 15th July 2008 Recap

DOW Weekly

DOW moves down into the July lows, and ideally i'm looking for a move up towards the August 50% level before it continues down into the Yearly lows....

If it closes below July's lows on Friday, then there won't be a rotation up into the monthly 50% level, and price should continue down into the Yearly lows.....


S&P Daily and 5-day pattern

"simply trade the levels shown"... Yesterday's report

The usual pattern for rotation upwards from 5-day lows and back into the central zone, and once again pushed back down.

And the same will apply for Wednesday.... trade the same 'dynamic' levels.... rotate and extend
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