It is also below the 5-day 50% level and the Channel lows:- 3790
Today is simply about trading on the side of the the trend lines:- 3787-89
With the bias to push down 40-44 points.
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SPI Weekly and 5-day pattern
SPI didn't open close enough to 3786 to get into ideal short-term 'short' trades on open, and instead the SPI remained in a tight 21-23 point range for most of the trading day...
Which suited me fine using the spiral points and filters during the day.
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