Above and the 5-day 50% level is @ 3153, which is viewed as resistance.
Above 3153 and price is moving towards 3186:- major resistance.
3186 March lows..
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SPI Weekly and 5-day pattern
SPI pushes down early but then Hooks over 3131 sending the market back towards the 5-day 50% level @ 3153.
The 5-day 50% level is always viewed as resistance, but once the R44 HOOKed over 3153 there was a bias to continue back towards 3186.
3186 is a major resistance level based on the March lows, which aligned with the spiral tops and sellers hit the market into the close....
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