However:- a bounce off the 5-day filter support levels will probably see US markets swing back towards their weekly 50% levels....."
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DOW Weekly and 5-day pattern
Even though I'm looking for a continuation down into the Weekly lows, my expectation that US markets would be supported on Tuesday and swing back towards the Weekly 50% level.
There was early support on Tuesday pushing the market higher, but then slipped back to retest support.
Support has held on Tuesday, but the bounce wasn't as robust as I hoped.
Until a late surge in futures saw some 'robust' buying into the close.
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