Please read the SPI Weekly Report before proceeding...
Last Trading day of the year, and today's closing price will confirm all the levels shown in the Weekly Report.Last week my expectation was that the market would stall and come down for 2-days before heading higher on the 3rd day.
This was because of 3 things:-
1. change of the 3-day cycle will often come back down and re-test the break
2. A higher Weekly open will often reverse-stall down for 2-days
3. the Weekly 50% level @ 6377 was resistance.
This week only 1 of those things could push price down, and that is the Weekly 50% level @ 6392.
Today there is no high probability trade other than using the R44 high @ 6373 as a Risk level.
Below and expectation market is moving down into a small range day.
Above and it's heading upwards, which aligns with a continuation of the trend from the 3rd day BUY from Friday.
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