"Yesterday moved higher into the 5-day 50% level and then reversed down into 5588...
Today the exact same level should be used as support along with the previous 5-day lows @ 5579.
The market has had two down days in row at the start of the week, and there is always an expectation that there will be 1 day which will be a counter-trend day (UP) in a Weekly down move"....
SPI Recap 5th June...
SPI Rallied off the Spiral filter 5587 and back up into the R44 high @ 5635 and reversed down into the 5-day lows @ 5579, which ended up supported for the trading day....
Yesterday had the 1day up trend,which is currently being supported around the June 50% levels
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