SPI Trading 10th January part 5

11:50

SPI has moved down from an R44 spiral point and into a lower spiral point @ 6073.....

It has found support and moved into a 22 point counter-trend move off the lows/support....

After this 22 point upswing.... the rest of the day has a random outcome.....


I didn't trade longs off support on the first R22 reversal because of the Weekly pattern and system shorts

I moved into a 2 lot short around the 22 point upswing 6084 (coming down)

Short 6084 :- partial exit @ 6074 and 6069

Switched to Long's @ 6077 and stopped out @ 6071

No idea how the rest of the day is going to pan out:- it could remain choppy and remain in a 44 point range (Flat trading day under 6126)

Or it's going to sell down late in the day after this 22 point up swing taking out the lows and following the Weekly trend down....(basically no idea)