Two day counter-trend move (today is the 2nd ) moves back towards the 5-day 50% level and continues higher into the close, and then higher into Expiry on Thursday.
For this to happen the last r44 bar needs to complete to get a better guide (5342)
If it is rising up from and R44 low and trading above 5352 (Red) then the bias is to continue higher...."
Premium Report 9.00am
SPI 16:15 RecapSPI opens and moved down from 5376 and completes the move down into 5342....
As per morning Report:- the UP move was confirmed with an R44 HOOK above 5352 and then a continuation upwards into the close....
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