S&P 5-day pattern:- Below Support and price is following a weaker 5-day pattern based on the November 50% rejection pattern. (Weekly Report)
Below support and price normally follows the pattern down into the 5-day lows.
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S&P Weekly and 5-day pattern
US Markets started the Week above the Weekly 50% level, but once price broke Support it follows the 5-day pattern down.
This pattern and sell-off on Monday favours my view of the Monthly 50% level Rejection and continuation down into November's lows, as per Weekly Report.
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