The FED meets today which could cut rates and has the potential to put a rocket up the markets.
There is enough outside influences to push the markets upwards today if things go favourably.
Yesterday's view was:- below support and price was moving back down into the Weekly 50% level.
Today:- above the 5-day 50% level and US market moving towards Tuesday's highs.
Prefer to trade on the long Side"
Premium Report
S&P Weekly and 5-day pattern
Tuesday rallies from the 5-day 50% level and moves to Tuesday's highs.
In my opinion US markets should continue to move upwards tomorrow and complete the move into the Weekly highs.
If there is a Friday close above those Weekly highs, then the price action explained in the Weekly report should continue higher as part of the rotation towards next Quarter's 50% level
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