'HOOK' pattern to look for more upside moves...
If US markets are going to continue higher then price should be pushed down from the Weekly 50% level and back into support.
Note:- Below support is bearish:-
Weekly 50% level rejection and break of support, could see US markets back down around their 5-day lows"
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S&P Daily & 5-day rangeUS markets pushed down from the Weekly 50% level into Support.
There was some support during the day, but never got over the Weekly midpoint, and then dirfted lower on Tuesday.
Price didn't continue down into the 5-day lows today, but at this stage a Weekly 50% level rejection and break of support is the first stage of further weakness.
It's how price now reacts to support on Wednesday.
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