DOW (S&P) Daily 27th Nov 2008 recap

"US markets continuing higher (higher Weekly close), with price looking to move towards the Weekly highs, which match the December 50% level next week.....

DOW S&P 5-day pattern:- Simply trade on the side of support..

Above it's a random length, as normally the 5-day highs can resistance price"

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DOW Weekly and 5-day pattern

November's lows support as prices look to rotate back towards next Month's 50% level.

Once Monday closed above the Weekly 50% level, (HOOK pattern), the bias was to continue higher towards a higher weekly close on Friday.




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