Below yellow support and there's possibility of a reversal down into the 5-day 50% level.
S&P resistance 1103"
Premium Report
S&P Weekly 5-day pattern.
Weekly high resistance @ 1103 and reversal down into support @ 1092.25.
Ideally the pattern would have been for the S&P to break support and reverse back down into the 5-day 50% level, as part of a reversal back down into the Weekly 50% levels by Friday.
Today's price action suggests that the S&P will hang around these highs until Friday.
- Daily Trading Set-ups & Analysis
Posts
