And today's trading is based on whether Friday's highs forms resistance, and moves into a 2-day reversal pattern from next week to retest the Weekly breakout @ 1295
S&P Weekly and Daily range
Fridays highs didn't provided any resistance, as the trend continues to push upwards from the July 50% level @ 1313 towards higher highs, and likely to continue higher next week.
As noted in yesterday's S&P recap....
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.
That break and extend pattern will take the S&P up to 1348-52 early next week
- Daily Trading Set-ups & Analysis
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