SPI 13:45
In the Weekly report I favoured a rotation back down into the 3-day lows early this week, and today completes the rotation down.
Even though there is still over 2 hours to go for the day to end, this pattern has completed, and it was pretty well mapped out, once the market was trading below the 5-day 50% level @ 5635
I also mentioned in the Weekly report, that it wouldn't surprise me to see a lower Weekly close by Friday either, but we will come back to that tomorrow.
The Dilernia model this week was for a move down into the 3-day lows, and today confirmed that with the break of the 5-day 50% level @ 5635, and then move down into 5564...
We started with the higher open and 'attraction' towards the central zones, and the rest of the day had two rejection patterns (R), and then followed the Dynamic ranges down...
Today's price pattern had three ideal 'shorts' to trade the direction of the market using the new Spiral filters .... no more trades today.
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