"Because price will be above the brown filter on open, the only weakness that I see is a rotation down towards the brown filter @ 4846, therefore I haven't factored in more weakness today.
Keep in mind that buying support often comes in after 2:50pm, which could see prices push above the 5-day 50% level @ 4915 towards 4946
By looking at the price action it wouldn't surprise me to see an inside day"
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SPI Daily and 5-day pattern 16:15
higher open on Friday pushing down from 4901 and down into the primary target of 4846 in early trading.
A double R44 low formed and short-covering in the market after 14:50 sending price back towards the 5-day 50% level @ 4915...
And an inside day....
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