DOW Futures 1st July 2009 recap

"The DOW is starting the new Month below higher timeframe levels, but on Wednesday at this stage they are starting the day above the 5-day levels.

No probability pattern on Wednesday, as Wednesday could remain range bound between the 50% levels and the highs."



DOW Weekly and 5-day 50% level

Early rally saw the DOW and S&P move up from the 5-day 50% level and back into the highs....

Resulting in a range bound trading day below higher timeframe 50% levels.

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