There is a probability pattern in the DOW that can see a 2-day pattern reversal down from yesterday's break of support into Thursday's support.
Around that level @ 7856 could see some intra-day support, along with the S&P @ 815.
But I'm just not sure how much upside there is going to be"
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DOW Weekly and 5-da pattern
US markets moved down into Support and moved into a higher Daily close.
Even though my view was:- US markets could find support around Thursday's support, I didn't have a probability that US markets would reverse off those lows and move as high as they did.
That was simply because of price being pushed down from the higher timeframe 50% levels this week.
At this stage Markets remain range bound between the Weekly lows and the Weekly 50% levels.
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