However, being a lower Daily open I would think that the SPI would move back towards the Weekly 50% level before it continues down over the coming days....
Today:- Support levels 3612-02
This is also based on a similar pattern last week where price moves down 27 points before trying to swing back towards the 'gap'"
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SPI Weekly and 5-day pattern
SPI opens lower moves down 27 points and bounces off support, and slowly making its way towards the Gap and 3683 and the Weekly 50% level.
The rest of this week is going to be defined by the Weekly 50% level, and whether it continues down towards the Weekly lows.
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