SPI Weekly and Daily range.
Market is current trading in between two higher timeframe patterns of 4442 & 4565.
Today’s trading was simply based on the daily range, without looking at the higher timeframe levels using 4536 as the trend guide
Either the market was going to push upwards from 4536, or remain flat once again and move towards Wednesday’s lows
"For those who have the spiral filter, trade on the side of the pink, as it is providing robust intra-day patterns during the current volatility"
Last day of March futures contracts, and the June contracts are currently trading @ 4583, above the key support levels in the market.
However, the S&P is currently below key support levels, with an expectation that the trend is trying to continue lower
- Daily Trading Set-ups & Analysis
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