Along with having two inside days within Monday's trading range and below the Weekly 50% level can send the market lower over the next two days.
Basically Thursday's support will verify the price action of the next two days and Friday's closing price, as it follow the 5-day range highs or lows......
S&P doesn't provide a probability pattern other than reacting to the price action either side of support (yellow)"
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S&P Weekly and 5-day pattern
Early support on Thursday pushed the market higher, but then reversed back down, as it failed around the Weekly 50% level once again.....
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