SPI 15:40 Recap" Today:- The 5-day levels are going to be important :- 5380 and 5357
Set-up A :- It will depend on where price opens but 5357 and the 5-day low is going to be a major support zone today for any move higher.
For those who have been reading my blog for awhile, we know that often a 'gap' open will move down 21-23 points before swinging upwards, so it's important to see that any push lower should hopefully match the channel lows...I don't see any major 'trending' day today, other than just focusing on the first 44 point range completion" Morning Report...
SPI pushed down on open 5380 (5-day lows), moved in 21-23 point waves most of the day and has completed the 44 point range today
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