DOW S&P Weekly chartsExpectation US markets are continuing higher in MAY, and as per last Week's report there was an expectation that US markets would come down and re-test the MAY 50% levels before heading higher.....
DOW and S&P Daily chartsI forewarned traders in the Premium service that US markets had Weekly Drops forming on Tuesday and there would be a possibility that US markets would close on their lows on Friday...
Therefore :- Expectation that a slight push down next Week and then look for Daily 'hook' bars back inside the Weekly 50% level, and then towards the Weekly channel highs.
If US markets are going to move towards the MAY highs this month, it will probably take about 2 weeks for that to play out.
All Daily reports and set-ups for DOW and S&P can be found at the Trader Premium....
http://www.datafeeds.com.au/premiumtrader.html
