High probability that Thursday can breakout of the daily lows and continue down on Friday.
S&P Weekly and Daily range
Whilst price was below 1118 this week the expectation was a trending week down into the Weekly lows by this Friday.
This was confirmed by the sell down from the Yellow trend guide @ 1109 and then the expectation that Thursday could breakout.
"If US markets do follow the Weekly lows by Friday that will mean that there's going to be a Daily low breakout sometime this week."
Thursday's breakout of the daily lows and continuation down on Friday will complete the break and extend pattern from 1173 (2 weeks ago)
- Daily Trading Set-ups & Analysis
Posts
