S&P Weekly and 5-day pattern.Slow trading day on Tuesday, with price remaining supported for most of the trading day until late selling push the market down and then back up.
Whilst the market remains above the Weekly 50% levels @ 1098, the view is to continue towards the Monthly highs.
With Tuesday losing momentum when it should have continue up from support and closed near the highs, it won’t take much for the trend to change.
However, at this point I don't have any probability pattern to suggest Wednesday will move down, so at this stage the S&P remains supported with an upward bias.
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