This needs to be confirmed with a 4 hour close below the blue channels in the Daily cycle
S&P Weekly and Daily cycles
2nd day reversal confirmed on the 4 hour close below the daily levels @ 1451
Currently there is Random Daily support on Tuesday's lows @ 1436.25
The Trend bias now looks like it can continue down into the Weekly lows, unless there is after-hours buying before the cash market opens, and Wednesday's opens back above the Weekly 50% level
- Daily Trading Set-ups & Analysis
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