Trend guide 4801
Support 4776
Depends on where the market opens, if it opens closer to 4801 my view is that it will try and push down with the first target @ 4783, and could go as low as the support levels
SPI Weekly and daily range.
SPI pushed down into 4683 in early trading, as this was seen as a support level, with the expectation that the market could continue up towards 4801
This is based on the market remaining above the higher timeframe levels and continuing towards the Weekly highs this week.
4783 held support for nearly 2 hours, but then is dropped down into the daily 50% level (support)
And then the rest of the day remained in a tight trading range (choppy) between both those two levels.
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