It's either going to push down 44 points, which has been the case around the trend guides (blue channel tops) this week....
But one thing we need to keep in mind is, there has been a reoccurring pattern of price rotating back towards the 5-day 50% level into the close.
The 5-day 50% level has shifted higher with yesterday's spike @ 3634.
Premium Trader
SPI Weekly and 5-day pattern
Today's bias was to move towards the 5-day 50% level @ 3634 into the close, simply because it's been happening for the past 3 weeks.
It didn't get that high due to the market closing early, but it was just the case of trading on the side of 3558 today....
Merry Christmas and I send best wishes to you and your families
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