Depends on where the SPI opens, but the closer to 3772 the expectation price will push down 21 points into 3751, along with the bias to push down 42-44 points"
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SPI Weekly and 5-day pattern
SPI didn't open high enough or trade close enough to 3772 to get ideal set-ups to play out today, and we have another lack luster trading day which couldn't even move it's usual 42-44 point range.
We are coming into the last day of the month and we can see that if things stay where they are now as price continues to consolidate around 3740, we will be opening below the JUNE BP @ 3810
We have seen the past couple of months price opening above and heading higher in the early part of the month, but based the current price action I would favour a push down into lower support zones.
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