12:15pm
Counter-trend UP move in a down trending market and has completed the rotation back into the 5-day 50% level @ 6544
This isn't a 'shorting' zone today! It's rising upwards from a lower Daily open. The best shorts occur from higher daily opens.
This week there is an expectation of a 2-day UP move back towards the 3-day highs and Weekly 50% levels in most global markets.
5544 can be a resistance zone today, but I view today as part of a daily rotation upwards, and if there are going to be shorts in the market, then tomorrow will provide better opportunties..
Today is the first stage, and if US markets head upwards on Tuesday then the SPI will open much higher tomorrow..
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