It now looks like price is moving back towards the highs"
S&P Weekly and Daily
Wednesday’s failure to move down into the lows and Thursday’s open above the 50% level wasn’t part of a normal continuation pattern from a double top formation.
This pattern in the 5-day range normally has a higher daily close, and on this occasion supported by the Weekly 50% level.
The double top formation normally continues into a lower Friday close, and that’s still possible because Thursday hasn’t broken out of any highs.
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