Tuesday Trend guide 3567"
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SPI Weekly and 5-day pattern
SPI opened lower moved back into 3567 and then for the rest of today slipped lower until there was late buying.
Late reversal after hours and the usual pattern of rotating back towards the 5-day 50% level, which has been occurring for the past 3 weeks.
Ideally I would have like the reversal to have occurred after price hit the Weekly lows @ 3468
But then with less than 1 minute to go and the SPI trading around 3560 the futures shoots up over 200 points.....
SPI Monthly and Weekly
The Rally hit the 3-week highs and closing above the Weekly 50% level 3606.
Tomorrow is the last trading day of the week, so it will be extremely interesting to see where the market closes tomorrow....
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