"For the rest of this month we need to keep in mind that the SPI will try and follow those two set-ups as described in the Weekly report.
With the amount of market manipulation going on by the US fed and the banning of 'short' selling, a move back towards the September 50% level (SET-UP A) is a high possibility.
As mentioned on Friday:- A move above 4772 and the expectation is that price will be moving back towards the 5-day highs.
Today:- It's all about the 5-day highs @4963:- Above 4963 and shorting is open to risk, as it's following SET_UP A."
SPI Weekly and 5-day pattern 15:50
As pointed out last Week:- Yearly lows have been set and with today's open above the 5-day highs @ 4963, the expectation is for the Weekly timeframe to move back towards the September 50% level.
Ideally I would like to see the SPI come back down and re-test the 5-day break @ 4963 tomorrow, before it continues higher.
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