Minimum move 8.5 points"
S&P Weekly and Daily range.
After last weeks completion down into the Weekly and daily lows on Friday I now have the view that in the short-term US markets will try and swing back towards their monthly 50% levels in June.
That's simply based on price remaining above 1076.25
With the market opening above 1076.25 then the bias was to move upwards.
The initial move was up 8.5 points from support:-
However, Monday failed to remain above 1076.25 selling down into a lower Daily close.
- Daily Trading Set-ups & Analysis
Posts
