SPI 12:05SPI is back down into the 5-day lows @ 5181.... not a good sign to be breaking the 5-day lows this afternoon, as price will be under pressure.
I used the 5211 as support, and it was valid for two 14 point rotations earlier, but the 3rd trade was stopped out -7 , as it moved back below the spiral-point support, and has pushed down into the 5-day lows.
Personally I'm not interested in trading longs again around the 5-day lows, at this stage, even though it can be a robust support level, it just looks like it wants to go lower.....
22 point rejection under support is my 'short-set-up'
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