Therefore like yesterday's low @ 3291, and last week's Weekly low @ 3351, today's robust support zone is 3277.
Around 3277 the expectation is that price will try and move back towards 3333, or at least 44 points upwards"
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SPI Weekly and 5-day pattern
SPI pushed lower on open completing the move down into 3277:- Support and BUY.
This was the ideal BUY zone for a move up towards the first 44 point range @ 3320.
The rest of the day consolidated around the middle of the daily range after the initial 44 point rally, with a late after market push up towards 3333.
Once 3333 was hit sellers appeared hitting the SPI back down.
At this stage, the SPI refuses to follow the same patterns as US markets down towards the February lows, instead remaining range bound between the 5-day lows and Weekly 50% levels.
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