Whenever Friday closes on its highs, but more importantly 'stalling' at the 5-day highs I would naturally model a two-day reversal back down into the 5-day 50% level.
Trend guide 4226"
SPI Weekly and 5-day pattern
Early selling on the higher open during with price remaining below 4226 but not completing the move down towards 4180-90.
instead choppy either side of the level in afternoon trading until a late sell-off, which fit in well with a 2-day reversal pattern.
Choppy trading day but enough 21 point intra-day rotations to 'scalpe' some price movements out of the trading day.
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