Trend guide 1288:- minimum move 8.5
If above 1288, trend likely to continue towards the Weekly highs.
S&P Weekly and Daily range
As per Weekly report, I was looking for the first 2-days of the week to move downward into 1277. (Weekly level)
Normal set-up on the 2nd day was to use the channel highs @1288 as the secondary set-up after the first day’s 8.5 reversal.
However, there are two other patterns that are trying to push the market higher:-
1 last week’s breakout of the Weekly highs normally extends up towards this week’s highs
2. Primary Trend is to continue towards 1300
Once the S&P started to trade above 1288, the trend bias was to push upwards and follow the Weekly trend
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