"higher Weekly sell-off and trading below the Weekly 50% levels.
How often have we seen this exact same pattern over the past 4 weeks, only to see US markets rise higher into Friday.
The only difference this time around is the shift in the monthly dynamics.
Every Weekly reversal pattern has started with the 2-day drop into support, reversal upwards, and then the following day support pushes both markets higher into Friday.
That might once again be the case on Thursday....or not, as seen with the SPI this week (Expectation of a lower close on Friday)
Simply trade on the side of the yellow filter :- 5-day lows random support but less likely to support on the day the yellow channel breaks"
DOW Daily and 5-day pattern
US markets break support (Yellow), and continue with the down-trending day, as it follows the Weekly timeframe of a lower close by Friday.
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