Resistance 4830.
Above 4796 and the SPI will try and swing back towards 4830, (Wednesday’s low but struggle to rise higher"
SPI Weekly and Daily range.
Lower open and 42 point swing from support (4796) into resistance (4830) and consolidation.
There is a breakout of the daily lows on Wednesday @ 4830, which should continue to push lower tomorrow (overnight) and complete the April 50% level by Friday.
That will depend on whether the S&P has a 1-day counter-trend move upwards tonight, or follows the same breakout pattern in the daily range (lower low)
- Daily Trading Set-ups & Analysis
Posts
