And now Tuesday's close is back below important 'trend' levels.
Monday's view was for higher prices.
Any reversal trend in the S&P won't be confirmed until price is trading below the 5-day filter blue channels.
The first stage of weaker prices is trading below the Yellow support levels.
Below the Yellow levels there is an expectation that there is a 2-day reversal occuring"
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S&P Weekly and 5-day pattern
AS per report, I wasn't convinced Markets were going higher but I needed to see some confirmation that prices were going lower....
And that was a break of the 5-day filter.
Once below that price followed the market path back down into Tuesday's lows.
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