Once again I favour a move down into support because of the previous day's break of support:- 2-day extension downward.
If prices move down into support and then head upwards, then those same blue filter are the targets"
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S&P Monthly and 5-day pattern.
Another 5-day 50% level rejection pattern down into Friday's lows and a reversal up late in the trading day.
Trader's will now how valid Friday's Support lows @ 669 are by next week trading above 695 and heading upwards...
Probable support over the next few weeks until there is another shift in the levels...
And these lows around 699 are often the support in any downtrend, but there is still more downside to go based on the Yearly range.
That could result in a breakout pattern "crash pattern or the movement down in APril"
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