US markets can do two things:- continue down on Friday
Or.....
Follow the pattern rising upwards into a higher Friday close. This will align with the February 50% level next week and a higher Weekly open, which should push the market back down into new lows.
Thursday broke support, therefore there is an expectation of a move down into lower support:- 2-day pattern
If Friday is going to close higher then price should bounce off support and continue upwards.
Bearish pattern would be a failure at the Weekly 50% level and price trading below support:- breakout"
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S&P Weekly and 5-day pattern
US markets continued down into Friday's support, found some buyers early...
But couldn't sustain the strength, which is part of the push down into February's lows.
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