or it’s going to continue upwards from Thurday’s Support level @ 1293.25 and rise up 14 points... which matches the daily level @ 1305.75.
S&P Weekly and Daily range.
Thursday’s support level @ 1293.25 held, however it had closed below the daily lows, which often suggests that the trend will push lower the next day.
Friday moved down into the following support level @ 1283.50, resulting in a swing back towards the daily 50% level @ 1305.75...
keeping the market above critical support levels for March.
Weekly report out later
- Daily Trading Set-ups & Analysis