A bearish pattern will stall around Friday's resistance levels @ 3765 and then continue down into Friday's lows.
However, that move down into Friday's lows probably won't happen during the day session, because of the lack of volatility, and more likely to occur if US markets move down overnight"
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SPI Weekly and 5-day pattern
Early rise on open from intra-day support @ 3735 completed the move into 3754, stalling but then heading higher into the close.
I prefer to continue to look for 'shorts' in the market around resistance levels with an expectation price is moving down into the July lows.
If the SPI is trading above 3769 next week, then the downside is open to Risk in the short-term, and a potential UP swing back towards next week's 50% level could play out, but it's not a pattern that I'm factoring in at this stage, until it happens.
Limit short trading above 3774
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