Morning Report...
" With this week's price action of an extension down into the 5-day lows and reversal upwards, the normal price action would be towards the 5-day 50%, or back towards this week's highs (3-day)
However, with today's higher Spiral point the Spiral channel the expectation is a push down and to close the 'gap' from the previous 44 high...
After this price action the rest of the day has a random outcome...
SPI 15:30
SPI opens higher pushes down from open and closes the gap from yesterday, and then swings up towards the 5-day 50% @ 5734...
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