based on Tuesday’s lows, price will probably continue down into Wednesday’s lows.
Wednesday's lows are seen as random support"
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S&P Weekly and 5-day pattern
S&P follows on from Tuesday's break below the July 50% level and continues down into Wednesday's lows.
Wednesday's lows supports price and swings back into Tuesday's lows.
At this stage I'm factoring in further weakness on the S&P this week to around 858.
Therefore any rises hitting resistance levels at this stage would be seen as an opportunity to continue to trade on the 'short' side.
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