Yesterday's early rise into the 5-day highs and reversal down into support sets up further upside moves today.
If holding from Yesterday's lows then hold towards Thursday's highs or more.
Trade on the side of support" Premium Report
DOW Weekly and 5-day pattern
US markets continued to move upwards and follow the 5-day pattern higher.
However, I was expecting more upside and another breakout of the 5-day pattern to push the DOW towards 8080.
That might still happen on Friday, but it won't surprise me to see Friday simply consolidate and drift downward, before continuing higher next week.
I've updated the Australian Index Weekly report, which will should be used as a guide for US markets.
http://austindex.blogspot.com/
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