Resistance 1166
S&P Weekly and Daily range
My view was that the market would push down to 1136 and possibly continue lower.
This was based on the market failing to rise above the Weekly 50% level after the first 2-days, and using the 3rd day and daily levels as resistance.
But instead of moving lower and following the daily channels, price moved upwards, and it now looks like the market will once again move into a consolidation pattern within the 5-day range
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