Today's trading is based on whether the market continues to follow the 5-day pattern into Wednesday's highs .
Or Wednesday reverses back down towards the 5-day 50% level @ 4781
Random resistance Weekly highs @ 4787"
SPI Weekly and 5-day pattern.
There was no probability on the direction today, other than trading either side of 4850.
Above and expectation that the market was following the 5-day pattern higher (42 points)
Below and expectation that price would complete the move towards the gap closure @ 4815 and then continue down towards the 50% level @ 4781.
Except once below 4850, it just managed to complete the R42 @ 4828 and then consolidate.
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