With only 3 days to go before April ends and MAY begins, I would like to see a Weekly timeframe close on it's lows or rotate back towards the MAY 50% level before heading higher over the next few days.
Gap open and expectation that price should hopefully push down into the gap (5650)completing a 44 point range down.
The Risk level for today is going to be 5711, last week's 5-day range high.
My only view for Monday is to close the gap @ 5650, after that the market has a random outcome....and it can continue to drift back down towards 5615 (April 50%) once again. (Higher Weekly open and 2-day reversal)"
Morning Report
SPI Recap 15:30SPI opens higher and tops out @ 5710 and drifts down into the April 50% level @ 5615
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