Looking at the S&P 500, price shouldn’t move back above 1097.50, but continue to move down"
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S&P Weekly and 5-day pattern
Thursday's break of the 3-day cycle lows followed a lower Weekly close within the 5-day range.
S&P 500 continued down in a lower Friday close, which was a random pattern.
Either Friday's lows were going to support the market, or price was going to continue down and break the lows and close around the the Weekly 50% levels.
Friday's price action has changed my view for next week.
Weekly report out later
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