Once it gets to that level it is an each on the direction, with a bias to push up towards the 3905.
Below 3881 will push downwards a random length towards 3856"
Premium Trader
SPI Weekly and 5-day pattern
SPI trading between the July 50% level and the Weekly 50% level, which is what I thought would happen until it gets closer to Friday.
I'm very bullish in the 3rd Quarter, however that can only happen if the SPI opens above 3907 next week, and begins to consolidate above that level over 2-3 days.
For that to happen there needs to be a bias to rise upwards, but during the day things can be choppy for the rest of this week, which was the case today.
Once price moved up into 3881 (spiral filter high), the market was choppy back down into July's 50% level.
Let's see how tomorrow closes, as there will be no leads from the US on Friday because of indepenece day
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