Support 3555:- potential move towards 3610 late in the day.
Below support and expectation price is moving back down into the Weekly 50% level @ 3502"
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SPI Weekly and 5-day patternSPI moved up from Tuesday's support @ 3555 completed the move into 3610, and I would have preferred a reversal down from that level.
Instead the SPI pushed up and retested the breakout from Monday before reversing down late in the day.
Expectation that the SPI will continue with the breakout pattern and move down towards the Weekly 50% level @ 3502, and follow the 5-day pattern.
Unless the SPI opens above 3625 tomorrow, it looks like another lower open and BUY support.
As per Weekly Report;- I'm bullish at the start of April once this 3-day reversal pattern plays out and bounces off the Weekly 50% level support.
But I'm bearish once those upper levels are reached in April or those support zones fail.
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