"I'm bullish in the short-term and this down move into the Weekly 50% levels on Monday is the pattern that I wanted to see before a higher move in April
However on Tuesday I don't have a 'long' set-up to trade.
Yesterday's break of Support should push down into Tuesday's support"
Premium Report
S&P Weekly and 5-day pattern
Early rise up on Tuesday hit resistance levels using the 5-day filter in the S&P and the DOW pushing the daily close towards the lows and Tuesday's support
This closes out the Quarter, and now I'll be looking for Long set-ups for 1 last push upwards in the short-term and then there is a potential for a larger trend reversal downward after that.
At this stage price is below the Monthly 50% level which is bearish, but there needs to be further weakness below the Weekly 50% levels for my short-term up move to fail in Early April.
- Daily Trading Set-ups & Analysis
Posts
