Friday’s lows random support.
Below 4550 and price is pushing down towards 4514"
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SPI Weekly and 5-day pattern
US markets reversed down on Thursday and now trading below the January 50% levels, this didn’t help my view that there was going to be a short-term 2-day move back into resistance before the next move down in February.
The SPI opened below 4593 and continued down into Friday’s lows, (failure to hold @ 4552) and then continued towards 4514 completing another R42 range.
Depends on the Price action in the US on Friday:- Friday's daily low & Weekly low support?
or break and continuation down, as price is below the monthly 50% levels?
If the latter occurs, then the SPI will be getting close to my target of 4300 in
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