That pullback can easily slip back towards the Weekly 50% levels.
If support breaks then price is down into the 5-day lows, and they might not hold"
Premium Trader
DOW Weekly and 5-day pattern
US markets have pulled back into the Weekly 50% level.
Push down from the 5-day 50% level breaking support, and then the 5-day lows failing to hold, which isn't surprising.
Tuesday is the last day of the month, and I'm expecting 1 last kick upwards to make a slightly higher high in April before selling hits global markets once again
However, it won't surprise me to see another down day on Tuesday, but then stablise and move upwards from the start of the April towards the Weekly highs.
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