B. Reverses down early next week and re-tests the 3-week cycle high breakout @ 5464 before finding support....
C. Reverses down early next Week and continues down into the 3-week lows....
SPI Weekly and Daily 15:50
We have just completed Set-up B, a move down into the breakout of the Weekly highs @ 5464...
Now let's see whether tomorrow it continues down to the Weekly lows @ 5299, or swings back up into the 3-day breakout @ 5591.
I favour the 2nd pattern and move into a 2-day counter- trend rally Upwards, as long as the US markets remain stable, and we open up around this level tomorrow.
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