10:18am
Nice upmove from lower Spiral point on the R44 @ 6453 and completing the R44 highs @ 6496
This is a partial exit zone or an exit zone. Whilst SPI is trading above 6496 then the expectation is that the market is heading back towards 6544 and the 5-day 50% levels.
Don't BUY lows again if market reverses back down into lows from these highs because the expectation is that the market can head back towards the 5-day dynamic lows ....
The best shorts or confirming shorts in this down trend has always been around the R44 highs, and these highs, which is why longs should be taken out and exitted for the trading day....
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