"Because of Tuesday's support I would have to favour an UP day on Wednesday...
But Wednesday might struggle to rise higher than 1104.25"
Premium Report
S&P Weekly and Daily range
Wednesday followed the probability pattern into 1104.25, this should be a partial exit zone from Tuesday's lows.
I do have an expectation of the market moving towards 1121 by Friday, as long as price remains above 1098, and the trend continuing higher during this Quarter.
Either the trend continues higher on Thursday & Friday as part of the current patterns....
or US markets decide to move into a sideways consolidating pattern until March begins (5-day pattern swing trading)
Regardless of how bad the fundamentals look for the US economy,there currently aren't any 'probable bear-patterns', or any appearing on the horizon in US markets other than short-term 1-2 day reversal patterns.
- Daily Trading Set-ups & Analysis
Posts
