It has also closed above the Daily highs on Wednesday, and I would normally see this as continuing towards Thursday’s highs:- Resistance
S&P Weekly and Daily
S&P has continued with the breakout pattern and followed the daily cycle towards Thursday's highs without providing an 8.5 point reversal pattern once it got there @ 1315.50
The last day of the month failed to move into the June 50% level, but it will align with the July 50% level as of tomorrow.
Note:- With a breakout of the weekly highs @ 1295 , there is still the possibility that the trend follows a break and extend pattern into next week's highs.
- Daily Trading Set-ups & Analysis
Posts
