DOW S&P trading 9th October 2008 recap

"US markets are trading below every higher timeframe support zone for 2008.

The only guide at this stage is the 5-day pattern, as prices follow the rotation back into the 50% levels and the extension outward.

And the same applies today:- trade on the side of the Yellow filter support levels"

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DOW S&P 5-day pattern

Thursday breaks support and price contines down into Thursday's lows...

The same breakout pattern as Tuesday.....



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