Patterns we need to keep an eye on today are:- Lower open and price normally looks to move UP towards the Spiral filter :- double R44.
If that's the case:- around double R44 points up and trading longs early in the day is open to risk, as price could reverse down and move towards the 5-day lows"
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SPI Daily and 5-day pattern
Thursday played out precisely on the way up:- moving double R44 upwards and then reversing back down.
It didn't move all the way down into the 5-day lows, but it can certainly open down there tomorrow if US markets continue down on Thursday.
October low resistance and Weekly 50% level rejection this week can see the SPI down around 3801-28 tomorrow
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