S&P Weekly and 5-day pattern
Previous week closed above the July highs, and this week is starting to consolidate above the monthly highs with an expectation price is heading UP towards the August highs, as part of the 3rd Quarter UP move.
Tuesday ended up a choppy trading day, but it was part on my Weekly expectation of a 2-day 'stall' reversal' patterns on this week's higher open.
We now have completed the 2-day 'stall' pattern, with US markets trading and remaining above their July highs......
At this stage I would have to lean to more upside this week whilst price remains above the 5-day 50% levels.
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