DOW S&P Monthly
US markets continue higher this week, and the expectation is that markets should continue higher until they hit 'resistance', which is much higher at the moment (April Highs).
Next Week is the last week of the month, where it closes and how it closes is extremely important on whether the UP trend continues in the following Month of MAY
"Rising Weekly ranges but shorter in length and coming into the last week of this
Month.....especially if there is any break of the 5-day lows...."
DOW S&P Weekly
"I'm looking for a 2-day pullback from next Week's higher open.
It's a pattern I always use in rising trends.
If price is going to continue higher then it should move upwards in the 3rd day once again"
This week saw a Sell off on Monday and then support around the Weekly 50% levels once again.
The important pattern on this week's higher Friday close was Tuesday's HOOK pattern from Tuesday's lows.
This is normally is a pattern that will often see higher prices by Friday:- Higher Weekly close.
DOW 5-day pattern
After Monday's Sell off down into the 5-day lows.
The rest of the week was about trading longs using support into Friday's higher close.
Next Week:- US markets are back around higher Weekly closes and
5-day highs, and I'd look for the exact same patterns that have occurred the previous few weeks to continue next week
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