Friday:- simply trade on the side of the 5-day 50% levels
Basically minimise 'risk' shorting above it.
I can't give a precise set-up on Friday otherthan reacting to the levels in the 5-day pattern.
Friday could just end up being a choppy trading day and a consolidating trading day below the Weekly lows"
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S&P Weekly and 5-day patternS&P Weekly and 5-day pattern
Consolidating trading day on Friday around the Weekly lows.
This closes out the trading week, and at this stage I favour an early rise upwards next week, but with the view that the Weekly 50% level is a resistance zone, and another push down towards the Weekly lows.
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