The first 21 range today will set-up the trend guide...
if it moves down then the bias is to continue higher on Tuesday towards 4728+
If it moves up and forms a higher spiral point @ 4690, then there is a potential drift down into support levels:- 4655-59"
Premium Report
SPI Weekly and 5-day pattern
SPI remains trading above support levels on Tuesday but it was an extremely slow and frustrating day.
Once the first 21 point range completed, it was either going to continue higher and follow the 5-day range into higher highs towards 4728+
or it was going to hit 4690 and then drift back down into support.
It drifted for most of the day below 4690, but it was extremely choppy and didn't follow through into support levels.
- Daily Trading Set-ups & Analysis
Posts
