Looking for the market to continue to move towards lower lows.
S&P Weekly and Daily range…
S&P moved up into the daily resistance levels, providing a 8.5 point reversal, but the Weekly level @ 1304 is now providing 'some support.'
There were two plays on Thursday using the daily range….
Either the market was going to continue down into the Daily lows, which match the MARCH 50% level @ 1284 and swing towards a higher daily close
Or price was going to push up into the resistance levels and provide some selling.
- Daily Trading Set-ups & Analysis
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