11.40Looking at the current price action on the SPI, it looks like it's going to be following a sideways Weekly pattern around the January lows....
The move down into the Weekly channels lows @ 5920 and large UP-Swing, illustrates this, and it wouldn't surprise me to see a 'hook' day today...and head back towards the 5-day 50% level tomorrow (2-day stall reversal in the first couple of days in the week)
The overnight moves are going to be dictated by US markets, and if price opens below 5920 tomorrow, then we could be heading down into those Quarterly targets in the Weekly report much quicker than expected....
I'm still going to let the market play it out today and get back into the next trade tomorrow...
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