"C & D set-up:- Continues down into Weekly lows, and then swing upwards back into the Weekly 50% level, and as high as the April 50% level 5614
This is because of the Lower Weekly open and swing back upwards into a 3-day counter-trend move with the 'new' 5-day trading pattern."
SPI Recap 10:47"Today's open will be a gap open above the 3-day highs, whenever this occurs there is an expectation that price will come down and re-test the 3-day high break @ 5548.
We can see there is a large gap to the 3-day lows (5374), therefore I expect a 2-day stall reversal until those 3-day lows catch up with price for any higher move to continue."
Therefore today I'm looking for a push down from the higher open in an R44 low, but then Thursday moves into a consolidation pattern of 44 point ranges for most of the day."
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