If US markets are going to continue higher on Thursday, then prices should remain above the Yellow support and continue towards Thursday's highs.
Below Support and expectation US markets are moving back down, as shown in the S&P.
This would normally result in a 2-day pullback"
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S&P Weekly and 5-day pattern
I wasn't factoring in a Down day on Thursday because of the price action over the previous 3 days, but once Support couldn't hold the same pattern of a 2-day pullback is taking place.
This week's view was for a higher Friday close (random length), but then look for next week to continue the trend down towards February's lows.
It looks like the reversal pattern downward has begun with Thursday's break.
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