Pink filter @ 5072, the bias is to move into 5049.
Need to keep in mind that price could also be trying to move back into the 5-day 50% level:- 5010.
Therefore:- if price has moved down into 5049 and swings up 20-23 points, then the filters could push price down towards 5010.
Below 5010 price is coming down to re-test the Weekly 50% level and 5-day 50% level from yesterday @ 4960..
As you can see I'm not having too much faith in another UP day"
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SPI Daily and 5-day pattern
Today went pretty much to script. The high was 4973, which aligned with the spiral filter push down from 4972 and down into the 5-day 50% levels...
The only bad part of today's trading was that, there wasn't as much intra-day rotation occuring, so if you got out of the daily trend on profits, it was hard to get back into the trend on each 44 point range completion.
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