Whilst price is above support, then my view is a higher Friday close"
Premium Trader
S&P Weekly and 5-day pattern
I've been talking up a lower Friday close all this week, and any potential down move is towards the monthly balance points...
However, Thursday's reversal down from the highs didn't close below support. For a lower Friday close price should have close below support.
If price wasn't trading below the 5-day 50% level and support levels on Thursday's close, then my view was a higher Friday close rising up from support.
- Daily Trading Set-ups & Analysis
Posts
