Coming down from 4938, then there is a view that the market is trying to complete the range @ 4900, and possible move down into the 5-day 50% level"
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SPI Weekly and 5-day pattern
SPI trying it’s hardest to complete the R42 range @ 4900 from the highs.
Expectation of a move down into the 5-day 50% level will only come about if US markets have a 1 day reversal pattern after a 2-day rise into resistance.
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