either the market continues down, or Friday moves up into the 3rd Resistance @ 1347, and then next week's highs
S&P Weekly and Daily range
There were two possible patterns on Friday
#1. Remains below the Daily and Weekly highs, and moves back down (8.5 to 14 points)
#2 The trend continues up from the Daily 50% level towards next week’s highs.
The Weekly highs at 1339.50 pushed the S&P down, but not down far enough into trailing support levels, and once again it has followed the daily range towards higher highs on Friday.
Monday looks to be moving into 3rd resistance @ 1347.
- Daily Trading Set-ups & Analysis
Posts
