SPI Weekly and 5-day pattern
Today was all about whether the SPI was going to continue towards the Weekly 50% level @ 4140 or fill the gap into 3852...
It was simply trade on the Side of 4025...
Above 4025 and it's towards the Weekly 50% level, but an open below 4025 and expectation that price was pushing down into 3947.
And once below 3947 (5-day 50%), the Market was coming back down into 'gap' fill.
As mentioned in Yesterday's report:- this week is all about 3852 and the 5-day pattern, therefore this push down on Wednesday into 3852 is part of 'gap' fill this week....
Now it's up to US markets to decide whether we continue down this week.
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