Price looks to be pushing up on Monday into the 5-day highs"
Premium Trader
S&P Weekly and 5-day pattern
S&P continues higher on Monday following the larger trend towards the Weekly and July highs.
As mentioned in Today's Premium Report....
"I’ve seen these patterns before, when Monday pushes higher and then continues higher on Tuesday. And once price hits the 5-day highs on Tuesday then there is a greater probability that price will reverse all the way back into the 5-day 50% levels"
Therefore I'm looking for another push upwards on Tuesday, which may align with the Weekly 'highs', and finally around those highs might provide the first rotation back into the 5-day 50% level in 7 days.
If or when that happens, I still have a view of higher prices in July.
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