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.
Posted by
Frank Dilernia