11:40am
SPI is rotating in 44 point ranges whilst it trading outside the 5-day lows @ 5847..
It is also trading outside the Weekly lows, and the Monthly lows... it's all pointing to lower prices...
I would like prices to sell-off today and continue down into the Yearly 50% level @ 5716 because that's the next level down as there isn't any other timeframe support in the market.
However, I know that the SPI can consolidate and continue down towards that lower level, tomorrow or overnight...but let's hope it does it today
Because this is going to complete a major rotation down in the Primary trends, and if US markets act like they did last November, there could be major trend reversals in markets this Week (Full US report later)
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