However, there’s a divergence in next week's lows (rising weekly lows), which could lead to a higher weekly close and break of resistance on Friday
The Daily highs have caught up with price:- Therefore we have the daily highs, the Weekly 50% level and February 50% levels as resistance"
DOW Futures.
If US market were going to continue down then Thursday would have been the ideal day for that to happen with a number of patterns coming together, along with the daily highs.
Currently there's resistance around these levels and Friday will begin with a higher daily open around resistance.
However, as pointed out in the daily report, there is a divergence in the weekly timeframe, that can lead to a breakout of the resistance levels on Friday.
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