Today:- the market is opening above the recent highs @ 4637 with a trend bias towards the Weekly level @ 4696
SPI Weekly and Daily range
Higher timeframe support levels (Weekly Report) confirmed with today's breakout of the
5-day high @ 4635 (3-day cycle 4637)
first target reached @ 4696 (Weekly 50% level)... with an expectation of
a break and extend pattern into Friday's highs
I'm expecting more gains next week....
However, there is the possibility that price revisits the breakout
and the November 50% levels for 1 day 'depending on the price action
in the S&P 500 overnight'
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