Two plays:- rotation down and use the 5-day 50% levels as support
Trading longs below the 5-day 50% level is open to Risk on Wednesday, and global markets remain flat".... Morning Report
S&P Daily and 5-day pattern
Expectation that a higher daily open on Wednesday would push down into the 5-day 50% level, before any up trend could continue.
Once below the 5-day 50% level, it follows the trend back down into the lows again.
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