S&P (e-mini) DOW 5th August 2008 Recap

DOW Weekly and Daily charts

US markets following the Set-up A:- the 'pop' up from the August midpoint towards the Weekly highs, as per Weekly report.


"US markets are trading around their 50% levels, and just waiting to push away.....

if US markets open above those levels, there is nothing to say US markets can't rise up towards their 5-day highs. (A Set-up)"



S&P Daily and 5-day pattern

US markets trading above their Weekly 50% levels, and price action is favouring the A Set-up from the Weekly report.

Thrust pattern from the 5-day 50% level towards the 5-day highs , as it continues back towards the August 50% level.