we start reviewing today’s pattern, and the following was expected:
Monday’s pattern is for the most of the times a trading day with an early high (around 10 am) followed by a decline to a low at around 12pm then a rally to a lower high at closing bell.
Below is SPX 5 min. chart for today and as we see we had a high after 10:30 am a low at exactly 12pm so we rallied from that 12pm low to a high of the day at around 14:30 then we closed to a lower high: 👍👍👍
Expected trading pattern for SPX, Tuesday, April 30th