SPI Trading 19th Dec part 4


11.40

SPI following the rotate back towards the 5-day 50% level

There was a 3-pattern 44 point rotaton in the market today, and the last bar continuation upwards of the spiral point @ 6233 is following the Wednesday expectation of UP rotation.

This is the price action I wanted to see continue from the first bar and into a double 44 point UP move, which looks like it's occuring now.

I haven't traded any longs again because my intra-day systems have been short, but I'm not shorting if I have an expectation of further upside rotation.

Next trade tomorrow.