Instead there has been a close right on the 50% levels, which now gives an each way bet on the direction of this week's trading.
Because it's the last week of the month and bouncing off the November lows, I favour a higher Friday close:- November lows support and rotating back towards the December 50% levels
There is no probability pattern on Tuesday other than trading either side of the Weekly 50% levels"
Premium Report
S&P Weekly and 5-day patternUS markets continue higher on Tuesday, and has the potential to make it's way back towards the Weekly highs, which match the December 50% levels next week.
There was no probability pattern on Tuesday simply because price was either going to rise towards Tuesday's highs, or rotate back down into Support and then continue higher.
- Daily Trading Set-ups & Analysis
Posts
