or whether the SPI moves into a pullback towards the 3-day cycle (support).
First R21 range will set the spiral filter"
SPI Weekly and Range.
SPI moved down on open 21 points setting the spiral filter @ 4757.
This became the trend guide with a bias to continue towards a higher Friday close.
Most of the day was choppy between the levels on Friday, closing on its highs.
It always curious to see Friday fail to move beyond Friday's highs and have a 'no control' daily range:- (open and close in the middle)
- Daily Trading Set-ups & Analysis
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