I would continue to look for more gains on towards Friday's highs.
Trend guide 1212
S&P Weekly and daily range
With Thursday closing above the weekly level @ 1212 the market expectation was to remain above this level and continue upwards…
And follow the monthly dynamics towards the December highs @ 1238.
Early selling pressure down into a low @ 1213, and with Friday's close I would look for the S&P to continue up towards the monthly highs next week
- Daily Trading Set-ups & Analysis