Worse case scenario is today's higher open has closed the gap and there is a gap to yesterday, which results in price being push down from the 5-day 50% level.
Below 3825 and there won't be any Friday rally, and the SPI will probably be moving down towards next Week's weekly lows(November's lows), which is what I think the market is going to do anyway"
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SPI Weekly and 5-day pattern
I would have preferred a rally into 4050 and then continue down next week into November's lows....
but once price pushed down from the 5-day 50% level @ 3904 to close the gap, and then support couldn't hold (3825), the market lead by financials sold off into the close.
And will probably end up around 3584 next Week.
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