It's the same pattern that has occured on the SPI today:- breakout of Monthly lows and price can remain outside the range until the end of the month.
S&P 5-day :- If that's the case, then the 5-day highs are viewed as resistance and a rotation back down into Support:- 50% level"
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S&P Weekly and 5-day pattern
US markets:- October lows resistance and Tuesday rotated back down into support....
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