Therefore the Weekly 50% level is viewed as resistance:- Today could end up a higher open range day between 3271 and the 5-day highs
The SPI will open above the 5-day high, which is a breakout:- more often than not, the breakout day normally consolidates within a 44 point range, and either continues higher from the next day or overnight.
Probability:- A slow day that consolidates around the highs all day and takes until late afternoon to move back down"
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SPI Weekly and 5-day pattern
As per the morning report:- slow range trading day between support and resistance...
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