If market moves down into the 5-day 50% levels, it doesn't favour moving back towards the highs because of the Yellow filter, the 3-day UP move and the Weekly 50% levels"
S&P Weekly and Daily range
Short-term counter-trend moves into Wednesday this week has seen the S&P continue with the overall trend down, which was my expectation, and will probably continue down within the Weekly range.
The only sad part of this down move was that price never reached the 5-day highs these past 2-days for a robust entry:- higher high until Wednesday.
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