We have is a breakout pattern in the Tuesday’s range that should extend up towards Wednesday's highs"
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S&P Weekly and Daily range
Based on last week’s price action and Tuesday’s breakout of the daily highs I feel US markets will continue higher into March (medium term)
There are two patterns that can play out for the rest of the week.
1. This week continues to trend into higher highs by Friday
Or my preferred pattern (#2)
2. Weekly highs @ 1105 stalls price and the next 2-days drifts back down into the 50% level and matching Tuesday high breakout, and then continues higher the following next week.
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