Support 1347
S&P Weekly and Daily range.
S&P reversed down on Wednesday, without hitting the resistance levels in the Weekly and Daily range:- 1361
I wasn’t expecting the S&P to reverse back down into the Weekly 50% level, without first hitting resistance.
My view was that if it moved down into 1347 early in the day, it would continue up towards the highs (higher daily close).
The view that the S&P is going to continue higher this week has dramatically fallen based on Wednesday’s close
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