Once again if it's rising above 3128 and the Spiral lows then price can continue higher , but 44 points is the market path.
Maximum move towards the 5-day 50% level @ 3217
high risk trading longs below 3125
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SPI Weekly and 5-day pattern
SPI moved up early in the day, but as part of this morning's set-up, I wanted price to come down into 3128 before trading Longs...
Price dropped back into 3128 providing the ideal entry level for any higher moves....
And once price moved its usual 44 points upwards, the SPI moved into a consolidating trading pattern in the afternoon.
If the SPI ends up around 3217 and the 5-day 50% level, it would have to be on the back of US markets moving upwards on Wednesday.
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