SPI Weekly and 5-day pattern
Expectation of higher prices in the 4th Quarter, however today I was looking for Tuesday's 5-day highs to move back down into the 5-day 50% level @ 4715.
Once price started to trade above 4758 after completing the R42 range high, the reversal pattern back down wasn't going to happen and the rest of today remained choppy.
If US markets continue to rise upwards on Tuesday, as part of their 2nd day reversal pattern, the SPI can end up around 4811 by Wednesday.
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