S&P (e-mini) DOW 27th Ocotber 08 recap

"Currently DOW and S&P are trading below Yellow Support on Monday.

Below support and price is following the 5-day pattern lower:- Monday's lows.

Above support and swing into the 5-day 50% level, but probably won't happen at this stage...."


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S&P Daily and 5-day pattern

US markets pushed down on Monday and into Monday's lows, where once again price found support and went through its usual rotation between support and the 5-day 50% level....

Volatile day on Monday and price looks to be pushing down into Tuesday's lows, which matches the Weekly lows