Even though I think the market is going lower, today's price action could swing back towards 4372 and as high as 4397.
SPI Weekly and Daily range. 16:00
As per Weekly report, my view is to continue down, but there is also the probability that the market can remain within the Weekly ranges.
Tuesday saw the Weekly 50% level support the market and helped by a switch in the daily filter on Tuesday from 4344 to 4326.
This resulted in a move towards 4372, which I thought was going to be the top and the market would drift lower into the close.
Instead there was a push upwards into the daily @ 4397, and this saw a drift lower into the close (21 points)
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