Therefore in early trading our Trend guide is 3847, along with the expectation price is reversing back down into the 5-day 50% level @ 3805...
As part of a retest of yesterday's break
Support 3782-89"
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SPI Weekly and 5-day pattern
Early sell-down on Wednesday to retest Tuesday break and Weekly HOOK pattern.
Based on the current price action and as part of the Weekly HOOK pattern, there is now an expectation of higher prices into Friday.
However, that's going to be determined by US markets and how they re-act to their own 5-day 50% levels, and whether the SPI opens much higher.
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