13:19Since the last post, price has come back up into 5553 (3-day lows) and has pushed back down further.
The breakout of the 3-day lows is a bearish pattern, and it was a valid resistance zone.
The only thing that favours a rise upwards this afternoon has been the 14:36 buying and from an R44 Spiral bottom, which could end up being down around 5480, another 44 points lower.
Normally the market would swing upwards into the close, and the past price action on previous occasions has been back towards the 5-day 50% level, and if that happens this afternoon I'd be very impressed. (5608-13)
Note: Market breaking the R44 spiral lows after 14:36 and price expectation is heading towards the 5-day lows....
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