However, if there's a 4 hour close above the blue channel (daily), the market will rise
S&P Weekly and Daily cycles
Monday started with price opening around two resistance levels within the Daily & Weekly cycles,
therefore the trend bias was early weakness of 8.5 to 14 points.
That changed immediately once the 4-hour close occured above 1367...
And the S&P is now following the reversal up from the November lows, and a 2-day counter-trend move towards Tuesday's highs & the Weekly 50% level @ 1391
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