My expectation is that this week will begin with a 2-day rise towards the Weekly and Monthly highs.
S&P Weekly and Daily range.
Monday didn’t continue upwards, but instead moved into a random pattern of 8.5 points between the daily channels.
As mentioned in the Weekly report…
My view is that next week will begin with the trend trying to move upwards over the next 2-days.
How far Tuesday/Wednesday travels will determine whether price continues towards the January and then February highs.....
or a failure to remain above the Weekly level @ 1265, puts pressure on the market later next week.
That basically means, if the market is going to move lower, then from Wednesday onwards is something to keep an eye on.
Along with rumblings out of Europe regarding Portugal and its 'debt'
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