S&P Weekly and daily range
Two were two possible patterns today…
Continue towards the daily highs after yesterday’s Weekly 50% level support
Or moves into a lower daily close.
The latter is based on a larger timeframe patterns, and after a 2-day upswing Wednesday continues with the overall trend towards a lower Friday close @ 1022.
Therefore the critical levels for the rest of this week are once again the Weekly 50% level @ 1054 and the dynamic blue channel highs within the daily range
- Daily Trading Set-ups & Analysis
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