S&P Weekly
S&P remains range bound between the September highs levels and the Weekly 50% levels to close out the 3rd Quarter.
There is an expectation during the 4th Quarter that the market will continue higher during October/November, this is helped by resistance disappering on Thursday.
However, my preferred pattern before any continued UP trend would be to have a lower Weekly close and test the Weekly lows in the early part of the Month, and then continue higher in the later half of October/November.
Whether the preferred pattern plays out, I'll just have to wait and see, because the line of resistance for September has ended, and the trend will follow the line of least resistance.
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