At this stage those Weekly highs are seen as resistance, and if they do breakout it's more than likely to occur on Friday"
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S&P Weekly and 5-day pattern
As per Weekly report, the expectation that global markets were moving back towards their Weekly highs this week has played out in the first trading day.
Normally these highs are viewed as resistance, but because price didn't move in a 2-day pattern instead breaking out of the 5-day range....
Then my expectation is that US markets should continue higher and follow my view of price moving towards the December 50% levels.
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