4780 then becomes the trend guide. If below trend bias is to continue down into random support levels @ 4659 & 42 points
SPI Weekly and Daily range
Daily open at Friday’s highs and a reversal pattern down into lower support levels @ 4759
Trend remains stable during December, and there’s no sign of a
2nd week reversal pattern based on the current price action
If there was, the market would already be trading below the 3-day
cycle @ 4751 by Thursday and heading down on Friday & closing below 4690, as per Weekly report
At this stage this is seen as a minor reversal pattern within the 5-day range, and will continue lower over the next 2-days if 4751 fails to hold next week.
That will also depend on the price action in the S&P 500 overnight
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