10:49SPI moved down into 5578 from 5620 and now has found support around the R87 spiral low @ 5568 and the Risk level @ 5578......
This morning trade was the perfect set-up on the short trade down from 5620 and into the R44 low.... This was the expected move......
However I expected more buying support around these levels now, and a bullish move would have began to rise upwards towards 5620 again and not flat line around the support zone....
the previous 5-day level @ 5595 is capping the market....
Entry Shorts @ 5616 partial exit 5593 and 5585 (+31)
Moved to longs@ 5581 stopped 5574 (-8)
On the sidelines until things move away, but the upside move that I though could have played out by now is slowly failing to the downside...
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