Or....
Follow a 2-day reversal from a higher Weekly open back towards the Weekly 50% level.
We have higher Spiral points, it's a higher Weekly open and trading around resistance @ 3777
Therefore at this stage I favour price moving down towards 3719"
Premium Report
SPI Weekly and 5-day pattern
Early resistance and selling pressure around today's highs but no follow through on the downside, not even completing a statistical range of 44 points
Based on the 5-day pattern extension, it looks like price should complete the move into April's highs @ 3845 in sycom or tomorrow.
- Daily Trading Set-ups & Analysis