I still have the view that the SPI continues to be well supported around 3506-11.
Simply trade the levels:- below 3542 price is moving down.
Above 3542 and price is once again consolidating around the middle of the 5-day range and above 3590 after 3pm is Bullish"
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SPI Weekly and 5-day pattern
Today played out precisely.
From the push down early on Friday into support and the swing back towards the 5-day 50% level.
And after 3pm more buying on the break of 3590.
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