10:34... SPI RecapSPI is Trading below the Weekly 50% level and above the 5-day 50% level:- now it has to breakout of this range and begin to move towards the highs or lows of the 5-day range (either way).
The set-up this morning was to short trade around 5654 with the expectation that there would be a minimum move of 44 points to close the 'gap'.....
Now the rest of the day is an open book......
It won't surprise me either way.... up move and it heads towards the 5-day highs....rising up from the 5-day 50% level following the Weekly analysis from the Weekend Report...
Down and there is a potential down move this week to 5288, only if US markets drop below the Weekly 50% level on Tuesday.....
Note:- I've removed my exit zone from 5570 and holding 1 lot into close if not stopped out @ 5647..
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