Support 4547
If below market moving back down 42 points.
SPI Weekly and Daily range.
August levels @ 4565 continue to resist the trend from rising up towards the Weekly highs @ 4606.
I wasn’t expecting a down day today because of the levels in the daily range, as it didn’t provide ‘short’ and hold trade based on the filters
However, once price was trading below 4547 the bias was to continue down 42 points.
Trend remains above the higher timeframe 50% levels, but that can quickly change.
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