Trend guide 4774 (resistance)
Expectation market is moving 21 points from either level.
SPI Weekly and Daily range.
Whether market opened near 4751 or 4774 there was the view that price would move up or down 21 points until each other level was reached, which is what happened during the early part of the day.
It wasn’t until the market moved above 4774 in the 2nd half of the day, there was the expectation that price would continue up towards 4792, as part of a 42 point range move from today’s lows
This is now the 4th day in a row that the range during the day has failed to move 42 points.
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