8:25am 2nd Nov.Forewarning 'Drops' in the forward Weekly timeframe have sent US markets back into major November 50% levels.... (Complete Report later)
SPI:- Lower open and price is opening below the 3-day lows 6737. Techincally:- this is 'bearish', and a weaker pattern will remain below the 3-day lows @ 6737, today.
However: Using another statisitcal pattern, 'Gaps' on the R87 don't normally send the markets down, they actually try and close the gap upside.
Positions on Daily system are neutral and no trades are taken today, but 'day-traders' need to simply trade on the side of 'Risk'.
Risk is 6699.
Below and don't fight the trend, above and I'm sure intra-day there will be resistance zones @ 6737, with the expectation that there is a 44 point move in the market. I'd be surprised to see it move as high as 6777-93, that would probably happen if US markets settle above November 50% levels, and actually rotate upwards on Friday...
SPI:- Lower open and price is opening below the 3-day lows 6737. Techincally:- this is 'bearish', and a weaker pattern will remain below the 3-day lows @ 6737, today.
However: Using another statisitcal pattern, 'Gaps' on the R87 don't normally send the markets down, they actually try and close the gap upside.
Positions on Daily system are neutral and no trades are taken today, but 'day-traders' need to simply trade on the side of 'Risk'.
Risk is 6699.
Below and don't fight the trend, above and I'm sure intra-day there will be resistance zones @ 6737, with the expectation that there is a 44 point move in the market. I'd be surprised to see it move as high as 6777-93, that would probably happen if US markets settle above November 50% levels, and actually rotate upwards on Friday...
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