10:02SPI sold down from the Weekly 50% level @ 5993 and into 'gap' closure.....
It didn't reach an R44 low, but if the market is going to move higher then price will begin to settle above this level and then move back above the R87 high @ 5579.....
I was on the phone and missed 'shorting' the top today (lost track of time) and had to 'short' @ 5580 Exit 5562 (Neutral) +18 :(...not happy)
Levels of interest today are:-
5550 (R44 lows)
5579 (r87 Top)
5593 (Weekly 50%)
Note: Failure of the Weekly 50% level and coming down from an R87 top is a bearish pattern....Don't trade longs below 5550 today
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