As per Weekly report I'm not expecting a reversal down until Tuesday.
Trend guide is 4086
Above 4086 and it’s trying to move UP 42-44 points towards 4129.
Spiral filter @ 4103"
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SPI Weekly and 5-day patternSPI pushed up into the spiral filter @ 4103 and subsequently moved down into 4086.
Once price started to move up from 4086, there was an expectation that price would try and push up towards Monday’s highs.
As per Weekly report…
Any reversal down from these highs is now based on Tuesday’s 50% level.
The most ideal pattern for anyone looking to short would be to open below and continue down.
Otherwise, If US markets don't reverse down on Monday from their 5-day highs, then the 3rd Quarter Thrust pattern continues upwards.
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