First target daily 50% level
SPI Weekly and Daily range
As per Weekly report, last week’s price action is seen as a retest of the breakout, with the expectation that price will try and push lower over the next 5-days.
Today’s trading remained below that resistance level, but failed to continue towards the Weekly 50% level.
Instead it remained choppy around the daily level @ 4753
- Daily Trading Set-ups & Analysis