Wednesday's view on a break of support was to continue down into the 5-day lows.
Thursday:- expectation that support on Thursday is random.
I think there will be early support which could see US markets bounce, but will probably struggle to get higher than Tuesday's lows.
Normally I would look for support and a swing back towards the 5-day 50% level, but I think that the downside 'slide' into lower Monthly levels will control the market.
Any bounce and then lower retest of the support levels later in the day might not hold"
Premium Report
DOW Weekly and 5-day pattern
Thursday's Trading in the US acted near precise to the Premium Report.
1. Push down into Support and rally back into Tuesday's lows.
2. Reverse back down into Support, which broke and has continued down.
3 higher timeframe patterns driving the market lower in November's lows and probably continue lower into December's lows.
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