SPI Report 19th November part 3


3:15pm


This is what I wanted to see how valid any UP move in the SPI is going to be this week. The Push down from Risk levels @ 5683 and down into an R44 low will align with the 5-day 50% level.

A strong market will see some buying support come into the market around these lows and push back prices towards the highs.

A weak market will continue down into the Gap…

There are still no leads from US markets, as they are both hovering around the 5-day 50% levels, and ES is currently below it.