but with a shift of the Weekly lows this week the expectation is to
push down towards the new Weekly lows @ 3426
This is also confirmed with the breakout of the 5-day lows on Thursday,
with the view that price is moving down on Monday.
Monday SET UP- price move up towards the channel highs and 5-day 50% level:- resistance 3569-72
day-traders should define the rest of the day by 3481:- random support"
Premium Report
SPI Weekly and 5-day pattern
Recap 16:15
SPI pushed up early into the Resistance levels @ 3569-72 and reversed down.
This favoured the move from Thursday's breakout and expectation of the market moving lower, but also the 5-day 50% level 'THRUST' pattern downward in the new week.
Sadly the move towards 3481 didn't play out, but instead another small range consolidating trading day below resistance.
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