August highs target & resistance.
At this stage Wednesday's highs are beginning to match those level, and ideally I would like to see those highs hit...
But if it is below the Yellow support levels then the bias is down:- random pattern
S&P Weekly and 5-day pattern
Early rise on Wednesday but not high eonugh to hit resistance levels.
with a close below Support( yellow), there is a bias of a 2nd day pullback towards the 3-day cycle lows @ 982.
Until there is a break of the 5-day lows and price not hitting the 'precise' August highs, I would treat US markets as range bound between the 5-day range pattern,
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