We can also see the Weekly 50% level in the S&P pushing price downward.
Yellow trend guide & 8.5 ranges"
S&P Weekly and Daily range.
Tuesday has continued down as part of the shift in monthly dynamics.
Early support on Tuesday as the intra-day price action topped out on the 8.5 spiral tops , but it was going to struggle to move higher because of the higher timeframe levels:- Weekly 50% levels..
As per Weekly report I'm bearish on US markets & my view is for the market to continue down...
However, this week can continue to consolidate and swing around within the 5-day range using 1067 as a trend guide:- Choppy
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