Set-up A:- Wednesday's high continue to push the market down in early trading into Yellow support and then a move towards the highs.
SET-up B:- Resistance has moved on Wednesday and price continues into the highs and then reverses down into support
S&P Weekly and Daily range
As per yesterday’s recap….Resistance around Wednesday’s highs, but failed to push down 8.5 points (during Cash market)
However, during globex and Thursday’s trading that pattern eventually played out with the market completing the move down into @ 1157, but SET-UP A failed as price didn’t move into support levels to trade longs.
And price didn’t rise high enough to trade shorts….
- Daily Trading Set-ups & Analysis
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