therefore Thursday's highs are seen as resistance...and the 50% levels are random support
S&P Weekly and Daily range
The S&P has continued higher without retesting the 50% levels on Thursday.
Thursday's highs are seen as resistance, but it hasn't produced a 8.5 to 14 point reversal...
that could happen during globex hours before the cash market opens up again on Friday.
However, the S&P is likely to continue upwards and follow the new daily range on Friday
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