SPI Nov 5th Part 2
10:30 am
3-day lows resistance @ 6737 and taking out the weekly 50% level @ 6715, bearish pattern.
This was confirmed with a 44-point reversal from a higher open.....
"Risk is the R44 open @ 6728:- a Bullish set-up would just rise upwards from the open of the R44 completion @ 6728, and hopefully not turn down. Because below 6728 traders need to acknowledge that the market can swing down 44 points from the higher 'spiral point' (premium report 3rd November)
Posted by
Frank Dilernia