Above expectation price is moving towards 4354.
Above this level and price can continue towards the 5-day highs
Based on the S&P moving towards 1038"
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SPI Weekly and 5-day pattern.
5-day range trading with today’s open above the 5-day 50% level and above the 5-day filters.
Continuation of the 5-day pattern into Monday’s highs.
Any reversal down from this level needs to see the S&P stall and reverse down from 1038, and then be trading below the 5-day 50% level by Tuesday.
I'm bearish on the SPI, as i'm looking for a 3rd quarter pullback from these Yearly 50% level, but the reversal pattern is now going to be decided on the S&P if it follows the same pattern.
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