If the SPI is going to move lower, then it will be moving down from a higher Spiral point and trading below 3883 and into 3851.
Wednesday low @ 3838 Random support"
SPI Weekly and 5-day patternWednesday was about trading with the direction of the 5-day filters...
Below 3883 and it was down
If the SPI had traded above 3908, then my view was a higher Wednesday after a 2-day reversal down into the Weekly 50% level.
The bias is to 'short trade' as price is trading around the MAY highs using 5-day pattern resistance levels....
But it doesn't mean there won't be UP days either if prices are trading above certain levels.
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