12:02SPI completing the 2nd r44 point range @ 6540.
A breakout of the 3-day highs today confirms the change of cycles and confirms the November 50% levels as valid support zones.
After 6540 completes:- Friday has a random length, the trend can easily continue higher especially if US markets move higher on Friday.
However after a large double Range move so early in the day, this upper range would need to take a breather before continuing higher.
High risk trading to be trying to short the market today, even around these levels.
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