11:34SPI is trading below the Weekly and 5-day 50% level and moving into a consolidating pattern between those levels and the 5-day lows.
If the market is going to continue higher into the close and move back towards the 5-day 50% level @ 5602, then I would like to see a move down 44 points.
A 44 point spiral low has provided 'reversal patterns' on two previous occasions whilst trading around these levels.
That's the price pattern that I would look for once again to trade longs today.
Resistance 5594 (spiral top and Weekly 50% level)
Note: I want to trade up into 5594 from an R44 low....
After hitting 5594 and coming down into an R44 low has increased Risk to be trading longs...
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