If the SPI follows it's normal patterns, then it looks like another 'tight' trading day (10-20 points)
Random support 4963
SPI Weekly and Daily range
SPI opened around resistance and pushed down, and once again remained in a tight trading range, which is what I expected
Last day of the Week and a shift in the Weekly timeframe can see higher highs next week towards the April highs.
However, depending on the price action in US markets, it won't take much for the SPI to be trading below the Weekly 50% level next week, as part of an unwinding pattern over the next 4-6 weeks.
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