Just by looking at the 5-day pattern I would have to favour a move up into Thursday's highs @ 4379 and more than likely complete the move into 4400 by Friday.
Support and trend guide 4329"
SPI Weekly and 5-day pattern
SPI continued with the 5-day pattern into 4279 and then reached 4400 today with another breakout pattern.
There is still a weekly close to determine how far the UP move will continue
in the short-term
If there is a lower Weekly open below 4313 because US markets
can't breakout of their August highs, then there is a potential to rotate back
down based on the US markets 5-day pattern below August highs, as described in the previous post.
If US markets continue to follow a higher friday close, then it's obvious
the SPI is going to continue up.
This UP move in the 3rd Quarter has completed my view and target, without the short-term pullback that I wanted.
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