1090.50 Trend guide…
Support Weekly 50% level
S&P Weekly and Daily range.
This week opened above the Weekly 50% level and there was an expectation that price could move back towards the Weekly highs and June 50% level:- 1111-1113
Today was either going to retest the Weekly 50% level and channel lows @ 1074, or it was going to continue back towards the daily highs.
Once Tuesday was trading above 1090.50 the minium move was 8.5 points with the trend continuing into the daily highs and reaching the June 50% level
Around these upper levels I have the view that the S&P has hit resistance for this week only….
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