13:13SPI following this morning's Report of a 2-day stall and moving back towards the Dilernia Pivot @ 5663...
Once price was trading below the Weekly 50% level and 3-day cycle (5771) the market has a random length, but because of the large Gaps to the 3-day lows and 5580, further weakness today is not unexpected.
US FED meets tonight, if they cut rates by another .50 points I would expect US markets to rally....if they don't they will probably get pushed back down to Monday's lows and further...
And the SPI will probably open around 5580, filling the gap. (Note: 5576 XJO Support based on Quarterly lows/ Weekly Report)
Any rate News will also effect currency pairings against the US dollar
US report later
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