S&P Weekly and DailyFriday closes down and closes out the Month below the April highs @ 1201.50, but without the expected reversal towards the monthly 50% levels @ 1132.
Friday's 'down-day' wasn't part of an expected move because of the price action this week...
Weekly low support and Thursday's close above the Weekly 50% level @ 1199 and the daily 50% level would normally send prices upwards into higher highs using 1199 as support.
US markets down day on Friday has the Australian market completing the reversal patterns from the April highs into the Monthly 50% levels
Weekly report out later
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