SPI Weekly and 5-day patternThere is a view of a higher prices in October, but today there wasn’t any higher probability set-ups.
Price is trading above last week's highs so there is a bias to move higher.
Unless price is trading near a timeframe level in the 5-day pattern, then there isn’t an ideal set-up to trade other than focusing on the small range completions of 21-42 points.
Even though I have a view of higher prices as per of the October move, a retest of the 3-day cycle lows would be an ideal set-up for the nexr move upwards.
The retest the 3-day lows (verify support) and then continue higher the next day, matched by the 5-day 50% level.
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