"At this stage I would have to favour a higher move based on the spiral low, the 3-day cycle, and position of the Weekly 50% level @ 4907.
If it's rising up from this level (spiral filter), then the bias is to continue higher, which could rise 2x44 points = 87 points"
SPI Daily and Spiral filter (Recap 15:55)SPI opens lower and pushes higher from the Weekly 50% level, which was also confirmed with the intra-day spiral filter :- rising 87 points.
Once below the Spiral filter @ 4987, the bias was to remain below this level on Monday
- Daily Trading Set-ups & Analysis
Posts
