DOW Futures 22nd MAY 2009 recap

"US markets look like consolidating around the middle of the Weekly range...

use the levels in the 5-day pattern.

no probability on direction"


Premium Trader



DOW Weekly and 5-day pattern

With Thursday's failure to move up, Friday was simply seen as a consolidating trading day between the 5-day levels.

If Support breaks the previous day, then the 50% level is seen as resistance, but I wasn't expecting too much downside on Friday.