Being a higher Weekly open, there is a probability of a 2-day pattern to move lower.
As pointed out in the Weekly report, a higher Weekly open normally moves into a 2-day consolidating period before the market continues higher.
If that's the case simply trade on the side of support"
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S&P Weekly and 5-day pattern
Expectation that the first two days this week would reverse down, but Monday has moved a lot further than I expected for 1 day to move, as it breaks the 5-day lows...
Once support on Monday broke the trading length was random, and in this case resulting in a trending day downwards.
However the price is simply part of the larger timeframe analysis and what I expected to occur this month, as my view is that markets are moving down into lower lows in December.
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