" Trading Range :- Friday's 50% levels and Friday's low support.....
Counter-trend UP day could be from a test of the lows early on Friday, which might get some short-covering back into the 50% level, but I'd be surprised to see a major counter-trend UP move on Friday from the lows..."
DOW Daily and 5-day patternBasically the expectation were for the lows to support the market on Friday and continue back towards the 50% level, which will probably reach by Monday.
Weekly breakout this week and trading below the Weekly lows, then early next week the Weekly 50% level should be a trend guide on any move lower to test next week's lower Weekly lows.
- Daily Trading Set-ups & Analysis
Posts
