Trend guide 3223
Random resistance 3275
Random support
At this stage my view is a similar day as yesterday
Above 3275 after 3pm could see more buying to close the gaps on the upside :- 3379"
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SPI Weekly and 5-day pattern
SPI consolidated below 3275 until late buying sent the market back towards the 'gaps' @ 3379.
There was further buying into the close, as price continues back towards the 5-day 50% level into sycom (3555)
Friday's price action aligns with moving back and retesting the breakouts this week of the Weekly lows and October low breakouts around 3548.
At this stage this is viewed only as a short-term bounce to fill the gaps of the past two days.
Weekly report out tomorrow....
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