SPI 10:03
SPI rallied on open and has moved up 43 points....
The higher the UP move in early trading has worked out better, because of the potential of a greater reversal back down into rotation zones than just 44 points.
I would like to see a move back to at least 5227 the previous 50% level.....
Entry short 5300 partial exit 5290 +10 holding with stops @ 5306....
But if stopped out I would still look to short the down move or gap closure....
I'm not interested in trading longs around the first 44 point low because of the lower level 50% level is more than 44 points...
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Exit 5273.... +27 (10:15)
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