S&P now has a Hook over the Weekly:- support matches the Weekly 50% level on the S&P
Thursday's highs Resistance"
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S&P Weekly and 5-day pattern
Wednesday on the S&P formed a HOOK bar over the Weekly 50% level.
In any reversal trend within the Weekly timeframe Price normally comes down and re-tests support to confirm the reversal, and continues higher towards Friday.
This occurred on Thursday but I expected a little more Buying into the close:- towards Thursday's highs.
At this stage there is still an expectation of a higher close on Friday...
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