"Today's open aligns with a higher spiral point and the 5-day 50% level, which should reject down...(4930-35)...
If the SPI completes a full 44 point reversal it will be under the channels and there could be selling into the close:- Weekly rejection pattern"
SPI Daily
Higher open on the SPI and sell pattern from the 50% levels.
Once the 44 point range completed and broke 4886, the bias was selling down into the close...
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