Because of yesterdays break of the 5-day lows Set-ups today:-
Sell down from the 5-day 50% levels down into the 5-day lows.
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DOW Weekly and 5-day pattern
DOW moved up into the 50% levels on Thursday, but I expeced more selling today and into the 5-day lows and support.
It seems US markets are now trading between the MAY highs:- resistance....
And the Weekly 50% levels:- current support.
My view remains that US markets should push down towards their Monthly balance points @ 7936
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