SPI 15:20 RECAP...
SPI opened below yesterday's 5-day low @ 5490 and pushed down into a 44 spiral low and Friday has ended up in a consolidating choppy trading day...
Morning Report:- reverses down and into another consolidating choppy day (good for short-term scalping 10-14 point ranges)
In Conclusion:- When I look at the bigger picture it's going to do two things, move back up towards 5591, or continue down on Friday.
When looking at the day-trading set-up on Friday it's not that simple....There are days when everything lines up and trades are far less complicated, and then there are day's like today where every 5-day level will play its part...., which results in a choppy trading day that can do damage to a trader's account."
And that's basically how today ended up, a Choppy trading day of 10-14 point ranges...
Weekly SPI Report tomorrow....
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