A mini Thrust pattern is a rally into the Weekly highs in the first two days of this week
If that rally occurs and price hits the Weekly highs, then my expectation is that price will once again drift back down into the Weekly 50% level and Monthly Balance point by Friday. (Set-UP A)"
Report 6th September
S&P Weekly and 5-day pattern
This week's set-up has completed on Thursday.
At the start of the week the move was based on rising into these highs in the first two days and then closing lower by Friday back around the Weekly 50% level once again.
The move to close lower and around the Weekly 50% level has occurred too late in the trading week for the market to move back down, but nevertheless it's has completed the first stage of the pattern.
Friday can follow a lower close around the 5-day 50% level, or it can continue to move towards the September highs.
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