However, the higher timeframe support levels in the monthly charts can continue to play a supporting role for the next few days until the end of the week.
Support 4574-77
Resistance 4595
SPI Weekly and Daily range
SPI moved up from support levels @ 4574-77 early and hit resistance @ 4595, which then pushed the SPI back down into support levels once again.
Higher daily close late in the day has shifted the daily range for tomorrow, which now matches the monthly 50% level for Thursday’s trading.
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