Daily and intra-day chartsHigher daily open and 5-day high @ 5681 along with Spiral point is my 'Sell' Zone with an expectation that today will complete a 44 point rotation down....
Note:- A trending Weekly timeframe can close higher on Friday, with an extended push above 5681 and the upside target is 5757
However, if that's going to happen then I would like to think it would happen in the afternoon, and from Prices rising upwards from a 'spiral' low.
Therefore my only view is to be trading 'shorts' on open and try and take some points out of the market, but I know like yesterday, that a breakout above the 5-day high @ 5681 and the market is moving with the trend into a higher close on Friday.
Note: This will be the last Daily SPI report, all Daily SPI reports will now be found in the Trader Premium.
New Chart and filtering techniques.....
For those who aren't Members you can read a re-cap of the Daily Report at the end of the trading day here.
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