Support 4499 (Daily lows)
High risk trading longs below 4499
SPI Weekly & daily Range.
SPI opens below the June 50% level @ 4519 and moves down into the daily lows @ 4499
Expectation of a 21- 42 point rise back upwards failed to materialize, and the market has continued down past the Weekly 50% level.
A daily close below the lows @ 4499 can often continue lower on Thursday depending on the price action in the S&P overnight.
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