This week's trading is based on whether the last week moves down into the Weekly lows...
or it rises up in the last week of MAY, and then towards the single monthly highs in June.
SPI Weekly and Daily range…
Monday opened below the Weekly level @ 4703 and continue down into the daily lows @ 4659, without any buying support around those lows.
The current price action suggests that the last week of MAY is trying to move towards lower lows, whilst it remains below 4703
And that will be determined by the price action in the S&P overnight
- Daily Trading Set-ups & Analysis
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