Support 4525
First target reached @ 4565 with the next target @ 4672.
There is probably 1 day that will reverse down (lower daily close), but then there’s the potential for this week to continue upwards and into a higher Friday close'
SPI Weekly and Daily range.
First target reached @ 4565 with the next target @ 4672.
Today’s trading was a higher Daily open and a reversal down to retest Monday’s breakout and the Tuesday's high @ 4525.
My view is for further gains this week, but there is likely to be a 1-day reversal pattern once the first targets were reached.
The SPI has completed the 1-day reversal, however I’m also looking for a 1-day reversal pattern in the S&P500.
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