Medium term view:- Head upwards in November, following a 2 monthly wave pattern.
Short-term View: This week expectation of a 2-day stall-reversal down, with yesterdays lower pivots providing the swing back towards the highs.
Trend is up defined by the weekly 50% levels.
Thursday:- Very Similar price action today on the SPI, with the expectation of market support & UP bias.
Note: there are drops still in the forward week, if Thursday is a choppy day, then there is an expectation that Friday could rotate back down into the center of the past 5 days.
No clear Direction on Thursday for US markets, other then following the weekly trend.
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