11:55
SPI has sold off from resistance and moved back down into the previous 5-day low @ 5413 and Support....
Expectated price action is to consolidate outside the Weekly lows until next week where we look for a move above the Weekly 50% level to begin the UP trend....
We can see the R44 hook reversal under the Dilernia Pivot @ 5385 heading back down another 44 points and lower.....
I exitted my shorts @ 5462 because of my systems.
Price moved up into a high and matching system, and what I should have done was move back into Shorts as it moved back under the Dilernia Pivot (5485), because the expectation was the R44 would continue back down 44 points and into the 5-day 50% level...
That trade was an ideal trade because of market dynamics trading as prices moves between 5-day levels within the Weekly timeframe, and the movement of 44 point ranges...
Price continued down into 5413 and Support...
Entry longs @ 5413
partial exit 5425 and 5447
no more trading until tomorrow... when things settle down
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