Above 5-day 50% level and expectation price is heading back towards the 5-day highs.
Ideally the best set-up would occur around the blue channel (Support):- Random length on any rise higher."
Yesterday's report
S&P Daily and 5-day pattern
US markets continue higher following the 'pop' at the start of August and a higher close on Friday :- Weekly 'bar'.
This week was to follow the 5-day trading pattern set-ups, with the expectation of price moving back into the monthly 50% levels and Weekly highs on Friday.
- Daily Trading Set-ups & Analysis
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