Normally it is extremely hard to be trading longs on a higher spiral point, as there is less of an edge that price will continue upwards, instead it normally favours a move down...."
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SPI Weekly and 5-day pattern
The each way bet on the direction of the SPI completed down, and a lower Friday close.
After yesterday's extension and support @ 3843, I was favouring a move back towards the 5-day 50% level in early trading @ 3933, but once price dropped back below 3890 (spiral filter & intra-day pattern)....
The bias was to complete the move back down towards the Spiral low @ 3863.
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