During the day we should continue to react to the levels in the market if there are any 'HOOK' reversal patterns on the downside"
Premium Trader
SPI Weekly and 5-day pattern
As per Weekly report, looking to short below 3792 with the expectation price is heading back towards the MAY 50% level in this last trading week of the month.
The only problem on Monday it failed to reach my 5-day high @ 3789 by a couple of ticks, and then the Rreversal HOOK pattern was confirmed below 3747....
Push down into Support @ 3683 and then a late reversal back into the 5-day 50% level @ 3730...
Looking for lower prices this Week, as there are Weekly 'DROPS' appearing in US markets.
- Daily Trading Set-ups & Analysis
Posts
