The weekly 50% was used as support and now it's used as resistance
Break of the Monday's lows should continue down into Tuesday's lows....
Monday's lows and 5-day 50% level resistance"
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S&P Weekly and 5-day pattern
Monday was the first time in 3-months that there was a matching close below the weekly 50% level and a breakout of the 5-day lows.
It was a simple process of shorting the Monday breakout level with the expectation price would continue down into Tuesday's lows.
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