S&P Weekly and 5-day pattern
S&P found support last week around 669, with the view that support should push prices higher this month...
The first sign of confirming price action was the move back above 695 and a break of the 5-day 50% level & rally into the 5-day highs.
There is a view of higher prices this month, but I would look at the market stalling around the Weekly 50% level.
The ideall pattern would be to see a down move from a higher Daily open back into 695 over 1-2 days and then continue higher from a lower Daily open...
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