Once again the first range should complete to get a better idea on today's direction, with the pattern that I would like to see is a failure aftr rising upwards confirmed with the Spiral filter (5394)
Today's view is simply about the 5-day 50% level and the Spiral filter, at this stage I favour a down move..."
Premium Report...8:30am
SPI 16:00 Recap
SPI opened lower rising upwards from support and into the Spiral filter @ 5394.
The pattern I was looking for today was a rejection pattern @ 5394 and then push down today, however after early resistance of 23 points, the SPI moved higher resulting into a consolidating trading day without a clear direction of the trend.
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