SPI Daily and 5-day charts
Lower Weekly open and a swing back towards the Weekly 50% level will complete on today's higher open, this is also match with the 5-day 50% level.
5-day 50% level resistance with the expectation price will push down 44 points....
Once again the 5-day 50% levels today will be a trend guide....
A push down completing 44 points and then trading above yesterday's 5-day 50% level @ 5483 has the potential to push higher into close, but again use the Spiral filter to manage in trades (big or small)"
Morning Report....
15:55 SPI Recap
SPI opened higher and moved down 44 points above yesterday's 5-day 50% level @ 5483 remaining in a tight trading day.
Whilst trading below Today's 5-day 50% level capping the market and swinging in 22 point ranges providing good short term rotating intra-day patterns for day traders using spiral points....
Lower Weekly open and a swing back towards the Weekly 50% level will complete on today's higher open, this is also match with the 5-day 50% level.
5-day 50% level resistance with the expectation price will push down 44 points....
Once again the 5-day 50% levels today will be a trend guide....
A push down completing 44 points and then trading above yesterday's 5-day 50% level @ 5483 has the potential to push higher into close, but again use the Spiral filter to manage in trades (big or small)"
Morning Report....
15:55 SPI RecapSPI opened higher and moved down 44 points above yesterday's 5-day 50% level @ 5483 remaining in a tight trading day.
Whilst trading below Today's 5-day 50% level capping the market and swinging in 22 point ranges providing good short term rotating intra-day patterns for day traders using spiral points....
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