US markets following the 2-day reversal back down to the Weekly 50% level, and all the way down into the 3-day BUY cycle lows in both markets 12240 & 1331.50.....
This was confirmed with the breakout of the daily channels lows and 5-day 50% level on Tuesday, and now price is moving towards the 5-day lows once again...."At this stage it's about rotation towards 5-day 50% levels and then trading outward within the 5-day pattern ranges." Previous Report
Full report later on whether US markets rotate back upwards from the 5-day lows on Wednesday, because often price will come back and test 3-day BUY cycle lows before rotating back upwards, this was the same price action on the Australian Market last Week.
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