Hard to trade longs around the 5-day highs in the US...
Thursday just might end up a small range day that consolidates around these upper levels"
Premium Report
S&P Weekly and 5-day pattern
Expectation of higher moves in early April have played out completing the first target of higher highs @ 842.
The trend remains up and i'll get a better idea on US markets after this week has closed out.
Whilst price is above the April 50% level @ 797 the bias is to move higher, but if there is a Weekly close below 797, then my view begins to change.
- Daily Trading Set-ups & Analysis
Posts
