If it fails to remain above that level after 11:20am, then the view is that the market is drifting down towards 4582.
Resistance 4629
SPI Weekly and Daily range.
Today is the 4th time in the past 6 trading sessions that the same pattern has played out.
Early rise upwards, but then there's a reversal pattern and lower close using the levels in the daily range…
However, this time the reversal pattern down didn’t play out until late in the day, but the target @ 4582 failed to reach, as the Weekly lows @ 4593 continue to support the market
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