Those Weekly lows begin to align with the first targets in the Monthly ranges @ 858
Support levels are shown in the 5-day pattern (Yellow)
Any support off these levels would be back towards move towards the 5-day 50% levels:-
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S&P Weekly and 5-day pattern
As per Weekly report, I was expecting a 3-day swing back towards the Weekly 50% level, but not on Monday.
Even the UP move on Monday failed to hit Support levels for a swing back towa.rds the 5-day 50% level.
S&P is back above the Monthly 50% level but stalled under the Weekly 50% level.
Based on this pattern it is unclear which direction the S&P will take until after Tuesday.
I would think Tuesday will try and consolidate between 898 (Weekly 50% level) and 884 (Monthly 50% level).....
And then decide on the direction......
Back under 884 on Wednesday and S&P will try a push back downward:- Weekly 50% level failure and back under the monthly 50% level.
or Wednesday/Thursday continues towards 920-928:- monthly 50% level and a 1-2 day consolidating pattern above 884, and then price continues higher into Friday
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