However, we still need to see price break and close below 3842 (5-day low)
Price is currently trading and being supported above April's highs @ 3845-50
Today is going to open on lower spiral points (lower Daily open) and above support, so it's hard to 'Short' trade lower opens .
Because price is trading above support and above the April highs, there is nothing stopping Friday moving into another consolidation of 40-44 points (UP)"
SPI Weekly and 5-day pattern
Choppy trading day today and the market remained in a tight 43 point range, rising up and hitting a spiral top.
Even though I'm looking for weakness around these MAY highs, until there is a break and close below 3842, then nothing is confirmed
Weekly Report out tomorrow
- Daily Trading Set-ups & Analysis
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