DOW Futures 29th MAY 2009 recap

"With Yesterday’s higher Daily close, there is now an expectation that price will continue into a higher weekly close on Friday.

Friday:- whilst above the 50% levels the bias is to continue towards Friday’s highs.

If still long From Thursday's lows then sit back.

If wanting to go long, then the ideal pattern would be to retest the 5-day 50% levels and then continue higher into Friday"

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DOW Weekly and 5-day pattern

Weekly HOOK patterns this week along with the Weekly 50% levels supporting the market, set-up higher Friday closes this week as part of a larger rotation upwards towards the Yearly 50% levels (Read Weekly Report)

Along with the precise set-up using the 5-day 50% level on Friday.

MAY high resistance has ended, and there is now as Shift higher towards June's highs.


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