The SPI can continue to remain around these support levels for this week until we begin the next. (lower Weekly open)
Trend guide 4700.
Resistance 4730
Below 4700 and trend bias is down towards Friday’s lows @ 4672
SPI Weekly and Daily range.
SPI continues to consolidate around these levels, as the market remains above the Weekly lows.
However, the weekly close below the January 50% level @ 4703 is likely to follow a double weekly low pattern next week. (bearish)
Index Futures SPI, DOW S&P, & Forex
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Trend guide 4700.
Resistance 4730
Below 4700 and trend bias is down towards Friday’s lows @ 4672
SPI Weekly and Daily range.SPI continues to consolidate around these levels, as the market remains above the Weekly lows.
However, the weekly close below the January 50% level @ 4703 is likely to follow a double weekly low pattern next week. (bearish)
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