The market is either going to rise up from 1295 and move back towards the Weekly 50% level…
Or continue down towards the lower weekly levels @ 1287
S&P Weekly and Daily range.
S&P moved down into 1295 providing a 8.5 move upwards, which then failed at the daily 50% level.
This pushed the S&P back down into the Weekly level @ 1287, which then provided another swing upwards
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