If below 4005-4014 then price is pushing down 42-44 points into random support @ 3955-65"
Premium Trader
SPI Weekly and 5-day pattern
Ideal set-up today to capture the first 42-44 point down move in the last 4-days using the spiral filter @ 4005.
There is an expectation that the SPI will continue towards July's highs...
At this stage the Weekly 50% level along with 3906 is the trend guide and support for a continuation upwards...
Unless US markets continue higher on Friday.
However, Thursday was the first day that US markets failed to close above the 5-day highs, therefore this time there is less probability of another rally into Friday's high
But you can never discount a 'THRUST' pattern continuing to trend UP towards into the higher Friday close.
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