Potential pattern to trend down towards the Weekly 50% level and the Daily lows on Friday"
S&P Weekly and Daily Range
Friday completes the 2-day reversal back down after Thursday’s top and 4-th day sell pattern.
A number of precise text book patterns over the past 2 weeks.
Last Week saw a Weekly low breakout and trend spike down into the
MAY lows.
This week saw the 3-day counter-trend move beginning from the
Weekly 50% level and retesting the previous Weekly low breaks and then
a Thursday sell pattern with the expectation of a lower Friday close.
Normally Thursday has a much greater range on the
downside (trading below the monthly 50% levels once again), but Friday’s break verified the downward move into the Weekly 50% level and Friday's lows
- Daily Trading Set-ups & Analysis
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