or
do they have a similar day as the Australian market and close on or near its lows.
No probability pattern on Friday"
Premium Trader
S&P Weekly and 5-day pattern
Flat trading day on Friday, and the trading week ends up consolidating between the Weekly 50% level and the Monthly balance point.
Next week the Weekly 50% level drops and this be the new trend guide for the next 5-days of trading, and Monday should clearly give traders an idea about the direction.
There are 3 patterns that can play out.....
1. Weekly 50% level becomes another resistance zone sending US markets down once again.
2. Monday moves up and closes higher, resulting in a bottom to top close:- higher Friday close.
3. the next 5-days consolidates either side of the Weekly 50% level and continues to do so until the end of the month and the 3rd Quarter begins....
This will define where the next Monthly 50% level and the next trend begins in the
3rd Quarter
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