Everything points to another down day that will depend on the spiral filter after the first 22 point range completes above 4868.
IF it remains above the filter 4868 on open then price could end up back into the 5-day 50% level, but I won't be trading longs on open because of the price action that has occurred over the past 3-days.
Resistance 50% levels 4908
Support 4859"
Morning Report
SPI Daily...
SPI rallies on open back into the 50% level and reverses back down into a consolidating trading day of 44 points...
Another consolidating trading day below the Weekly 50% level and 3-day range, but enough opportunties today to take out decent chunks using the spiral filter..
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