US markets reversed off their lows, with the S&P moving higher and the DOW moving back towards their 5-day highs.
As mentioned in the Weekly report, a reversal pattern would be lead by US markets breaking out of their 5-day highs, which hasn't happened yet, but close.
5000 is the trend guide
Set-up A :- moves higher from 5000 breaks the 5-day 50% level and follows the same pattern as US markets back towards 5068....
Set-up B:- moves down and closes the gap from the previous R44 high @ 4977 and then continues higher back above 5000....
SPI Recap 16:20SPI followed Set-up B today;- moving down to close the gap @ 4977, and then continued higher, but there wasn't any follow through on the upside towards 5068.
Instead rotating in 44 point ranges and remaining below the 5-day 50% level @ 5015.
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