Above and a swing of 42 points, but might struggle to rise beyond 4278.
SPI Weekly and Daily range.
It was a simple case of trading on the side of 4240.
Above and it was filling the gaps with 42 points rises, as has been the case this week with the market moving up 42 points and then selling off into the daily lows.
This time price was swinging back towards the daily lows @ 4295 (Wednesday's lows), but struggling to remain above the Weekly lows @ 4278.
If the market was below 4240 then it’s part of the trend towards the June lows and then continuating down into the July lows in the 3rd Quarter.
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