Potentially the Daily lows are going to support the market and provide a swing back towards daily 50% levels…
Or it’s going to continue down into Monday’s lows. (double dip)"
S&P Weekly and Daily range.
As per Weekly report, I had the expectation that this week would begin with a 2-day counter-trend move.
However during globex hours the markets sold off from the Weekly 50% level @ 1136 and moved down into a ‘double dip’ pattern into Monday’s lows from the daily 50% level.
Monday’s lows provided a swing back into a higher daily close.
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