SPI rising upwards from November 50% level and December 50% level and heading towards a Weekly close above 6647.
The closer it gets to contract expiry the higher it wants to go, but first it needs to close above 6647 on Friday to confirm a weekly change of cycle.
EOD positions exit on higher open today and neutral positions. (premium Report)
Today:- Risk 6621 (5-day highs)
Today is my 'sell' day, and the higher open means that it gives a higher probability trade alignment to short-sell.
So the expectation that a down move will be 44 points to close the gap....
ABOVE 5-day highs and the Weekly trend is a breakout and high Risk to be shorting above this level:- Rising weekly Trend.
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