Resistance 4773
Random support 4725.
SPI Weekly and Daily range
This week has seen the market rise upwards from the Weekly 50% level into a double Weekly high pattern @ 4828.
And the rest of the week has rotated back down into Friday's lows, using ideal set-ups within the daily range (brown filter)
The market still remains above the January 50% level @ 4073, and we could see a minor swing upwards early next week.
However, as mentioned a number of times, it's the price action the S&P 500 that's the concern, and I think US markets are rotating down from their January highs, which is putting pressure on global equity markets.
Weekly report out tomorrow
- Daily Trading Set-ups & Analysis
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