Today:- Looks range bound between the 50% levels:- support the 5-day 50% levels 4279.
Ideally I would like to see 4279 hold support today, and if that is the case, look for any late buying after 2.50pm that could push the SPI back towards 4407.
At this stage I haven't factored in weakness below the 5-day 50% level @ 4279"
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SPI Daily and 5-day pattern
Wednesday remained range bound between the 50% levels
SPI pushed down early in the day moving double r44 range, and with late BUYing pushing the SPI up into the close.
Trading day didn't get down into the support level that I wanted, and the UP move didn't travel as far as I hoped (4407)
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