"Expectation that the SPI would consolidate for the rest of April, and then move higher in MAY towards 5870+ is my view.
But it's not necessarily going to happen on the 1st of May:-
When day trading futures it doesn't really matter where the market is going in the bigger picture other than finding areas to make money using 5-day patterns and Spiral points.
But it does matter when trading stocks or position trading the overall market.
Today:- SPI will open once again around support @ 5565 (spiral channel @ 5555)
If the market is going to move higher then these are the levels that I think price will rise up out of and move higher 44 points and into the 5-day 50% @ 5608
Around 5608 is an each way bet once again:- it can reverse down and move into another consolidating trading day..."
SPI 15:50SPI moves down into support and rises upwards into 5608 and consolidates....
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