At this stage there has been a Weekly low reversal back into the Weekly 50% level:- resistance with the expectation that US markets will continue down.
Friday:- My view is a down day on Friday and looks like a consolidating between Weekly 50% level (resistance), and blue channel support"
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DOW Weekly and 5-day pattern
US markets continued down on Friday:- Weekly 50% level resistance.
A lot of volatility between early support on the Yellow channel and the Weekly 50% level....
And then a late sell-off into the close down into the blue channel.
Expectation of further weakness down next week.....
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