Above the 5-day lows and expectation will move up into the March lows @ 3186:- 44 points up.
A move higher UP towards 87 points is not out of the question
Random resistance 3219 Weekly lows.
Premium Report
SPI Weekly and 5-day pattern
SPI opened below higher timeframe support zones:- 3219 and 3186 (Weekly and Monthly)
But because of the 5-day lows, there was an expectation that price would move back towards those levels, and more than likely stall.
Interesting pattern, as a breakout in the higher timeframe levels forwarns more weakness down.
- Daily Trading Set-ups & Analysis
Posts
