Weekly 50% level resistance @ 3953
Below 3921 is a breakout, which should continue down another 42 points.
Whilst below the Weekly 50% level there is a view that the SPI is rotating back down towards the 3rd Quarter 50% levels"
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SPI Weekly and 5-day pattern
SPI continues down following the 5-day pattern into Wednesday's lows moving into a 44 point rotating pattern.
Wednesday breakout of the 5-day lows @ 3921 confirms further weakness down after reaching the June highs @ 4088 and then breaking the Weekly 50% level @ 3953.
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