11:12SPI moving towards the February 50% level @ 5895, with an UP bias into Friday close....
Today reminds me of last Friday, when the market moved higher upwards, reversed down 44 points and then continued higher into the close......
Today we have already seen the R44 reversal, and today can easily be like last friday and follow the UP bias higher...
As always around the r44 spiral tops there is going to be some 'short-term' sellers appearing, but I don't think today is going to play out a day of selling or complete 44 point reversals....
Next SPI report tomorrow's Weekly report.....
Note: no trades today, I wanted to short trade the first 44 spiral top down, and then trade longs upwards from the 5-day 50% level....
It didn't reach the r44 top and failed to reach the 5-day 50% level (taking day off)
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