Today:- it's going to depend on where price opens, but the Spiral filter is the early guide.
An open closer to 5390 and expectation is price is pushing down into 5379, which can result in two plays...
A:- bounces off 5379 and breaks 5390 and continues higher.
trading below 5379 and the risk of trading longs is open to Risk...
Today I don't have a probability pattern or a view on direction other than using 5379 as our trend guide today. .."
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SPI 16:05 RecapToday I didn't have a clear direction on which way the market was going to go based on Sycom close, but once price opened below 5379 the trend was down.
Normal price action would be to move towards the 5-day lows as price sells down from the 5-day 50% level.
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