13:52 SPI Recap
Market drifting down and trading below the 5-day 50% level.
Daily trend remains bearish below Weekly 50% level and 5-day 50% level.
Same price pattern as yesterday on the R44 low, where we saw buying coming into the market late in the day, and very similiar price action around the current lows today.
Still holding 1 lot short, dropped stop from 5647 down to 5631....
Not interested in trading longs below the 5-day 50% level, but certainly understand that buying support can come into the market in the last 100 minutes of trading.
Next SPI report tomorrow.....
US Report will be important because it will have a huge influence on the overall trend of the market based on trading either side of the Weekly 50% level.
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