The 5-day highs will match the Yearly 50% level.
If that’s the case, then price needs to either hit the Yearly 50% level or Monday highs but then be trading below support levels for a pullback into the 5-day 50% levels."
Premium Report
S&P Weekly and 5-day pattern
S&P trading below support and pulling back into the 5-day 50% levels, however it didn't rise high enough to complete the move of the Primary trend
I was looking for at least a move into 1037.50 before any potential down move.
That might still happen, but that will be when price is trading below the Weekly 50% level.
At this stage I'm treating US markets as a 'short-term' pullback into the 5-day 50% levels until 1037.50 is reached.
- Daily Trading Set-ups & Analysis
Posts
