SPI Weekly and 5-day pattern
First day of the new month and price is starting above the monthly 50% levels in December with the bias to continue higher.
With the levels in the 5-day range providing support @ 4685, but not much follow through on a continued up move towards 4748 (R42 points up @ 4727)
Another small range day.
Even though I have an upward bias, this sideways pattern around the December 50% levels could last until friday.
Firstly we need to see a daily close above the 3-day high cycle to change the cycle into a 'BUY'
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