Resistance 4976-80
SPI Weekly and daily range
Early support but no follow through on the upside into resistance levels.
If price had risen into resistance levels then I would have looked for another 42 point range down
Resistance in the SPI around these higher timeframe, but at this stage any reversal down can still be choppy.
As mentioned, a reversal towards the monthly 50% levels could take 4-6 weeks of sideways patterns until MAY.
Therefore it's ideal to concentrate on the small ranges of 10-21-42 points during the day.
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