Daily close above the 3-day cycle and then a 2-day stall above the Weekly 50% level and a move higher next week, using the Weekly 50% level as support.
Once again it's the 5-day 50% level that's the trend guide...."
S&P Weekly and 5-day pattern
S&P continues higher from the 5-day 50% level into Thursday's highs.
The above report wasn't yesterdays, it was two day's ago, as I expected this pattern to occur on Wednesday and then reverse down into support levels and continue higher next week. (2-day stall)
So I'm still expecting a move higher in November, as price is above the November 50% levels, but being 1 day late I'm still looking for the short-term reversal that could last only 1 day before continuing higher.
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