DOW S&P Trading 23rd September 08

"And even though price is trading below the Weekly 50% level, the price action over the past 2 days suggests the US markets are moving higher on Tuesday.

Trade on the side of support"

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S&P Daily 5-day pattern

US markets drifting lower, as part of a 2-day pullback within the past 3-day range.

I was looking for buying support off Tuesday's support, but wasn't expecting too much upside because of the Weekly 50% level.

Early support but then a late push down on Tuesday, as part of a 2-day pullback.

2-day pullback has now aligned with September's lows.....



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