There is a breakout of the lows on Tuesday which should push downward into Wednesday’s lows, and potentially close higher:- 1 day counter-trend move".
S&P Weekly and Daily range…
Early resistance on Wednesday moving down 8.5 points, but failing to move into Wednesday’s levels, as the Weekly lows are currently supporting the market.
S&P is still trading below the Weekly 50% level (first time in 8 weeks), so there is a possibility that there is bias for a lower Weekly close by Friday.
Ideally using a higher daily open and ‘resistance’ if the S&P continues upwards during after hours trading.
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