Two patterns at play:- rise into the daily 50% level ( resistance)
Or break and continue down into Thursday’s lows.
S&P Weekly & Daily range
S&P continues with the down trend as price moves towards the July lows in the 3rd Quarter.
My preferred pattern was a swing back into the daily 50% level using Wednesday’s lows as support, however the larger monthly trend is driving prices lower
- Daily Trading Set-ups & Analysis
Posts
