DOW S&P Daily 14th April 2009 recap

"Monday’s lower close in late trading isn’t a good sign that in the short-term US markets will continue higher.

Simply based on Monday’s trading I would lean to a move back into the Weekly 50% levels, as part of a 2-day stall"

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DOW Weekly and 5-day pattern

Looking at the 5-day pattern, there wasn't anything to set-up a ‘short’ unless price broke support or moved up towards the Tuesday highs.

Once again it was about trading on the side of Yellow support, as there was early support pushing higher....

But Tuesday followed the 2nd stalling day moving down towards the Weekly 50% level .



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