10:05am
SPI pushed up early completing the R87 range @ 6347...
I wasn't expecting such a push higher, but it didn't surprise me to see the 87 point range complete either.
This is the New Risk level for Today 6347:- Above and price is moving back towards the 3-day highs to close out the weekly trend higher on Friday. (also above the 5-day 50% level)
First R11 Reversal and Entry Shorts @ 6354
Partial exit 6342 (R22) (moved to breakeven stops from entry)
A higher open and move down from the R87 spiral top has the potential to move down 87 points from swing highs....
Next partial exit is double R22 and hopefully continue lower into Friday..
Note: Whilst price above the 5-day 50% level, the weekly trend has the potential to head upwards.... ideally I want to see 6341 break and head down, and not head towards the 3-day highs...
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