DOW and S&P Weekly FuturesExpectation that US markets would continue higher into April highs this week, and will continue higher into MAY highs, as shown above.
Dilernia Principle:- 2 timeframe wave pattern before reversing back down into the 50% level
Therefore I favour B set-up:- where US markets continue higher into MAY before reversing down into the 50% levels, and begin to unwind into June (push lower)
A set-up:- can still occur where US markets reverse down early next week test the MAY 50% levels, and then continue higher into MAY highs and then JUNE highs......
Daily ChartsExpectation that US markets will push higher early next week, before moving into a 2-3 down move back towards the Weekly 50% level......
5-day patterns
5-day patterns of support-resistance each day, but as soon as prices move towards MAY highs things begin to change.
Any reversal down will be a precise channel break-down, after pushing higher early next week.
All Daily reports and set-ups for DOW and S&P can be found at the Trader Premium....
