SPI Trading 12th June Recap

This week the market broke the 3-week lows (5548) and June's 50% level, and with the expectation the Prices would remain below those levels this week.

The price action on the break of the 3-Week lows has a random outcome on how far it will travel, but the price action that I would be looking for will be how price reacts with next Months 50% ....A move down into 5100 and into June's lows is not out of the question

This Week's break of Monday's 5-day lows @ 5485 has sent the market down, and today will be opening lower due to US markets selling off on Wednesday....

Preferably I would have liked to have trade the down move in the day session, but that's not the case.

Today:- support 5-day lows 5345

opens lower and moves down into the 5-day lows (expected support level)

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SPI 16:15 Recap

SPI opens lower and heads down into the 5-day lows, which I would have liked more upside movement than what occurred.

Depending on US markets, but any more weakness this week and the expected move is to follow the 5-day pattern lower.


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