11:30am
SPI following Weekend analysis whist price is above the 5-day 50% level the expectation is that the market is heading back towards the 3-day highs.
A couple of stages that will need to see happen, a close above the Weekly 50% level 6611, will confirm part 1.
The 2nd stage would then need to see a close above the 3-day highs, and then I would think that a follow through on US markets would provide the spring board back towards 6737.
The only sad fact of today was the higher open to trade multiple contracts upwards into 6568 and then hold.
Price is hitting an Upper pivot @ 6583, but today's price action looks like it's just heading upwards...
Risk level on Monday is 6583..
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