SPI 10:57SPI has pushed down into Support :- Weekly .618 and just above the previous Weekly 50% level @ 5335.
But it needs to get above the 5-day 50% level and then look for a move up 44 points....
Long 5345 stopped 5339 -6
Long 5340 stopped 5334 -6
I would have liked more Buying support of these levels today than a lack of volume.
But the overall view is to re-trace back into the April 50% levels, so I can understand that prices can come down....
On Sidelines below 5343..
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