A higher daily open and trading below could see the SPI come back down 4648 Weekly lows (Support)
Above and it’s looking for a move back towards the Weekly level @ 4703 (first target 4693)
SPI Weekly and Daily range.
Early sell down from 4674, (21 points)….
But then it closed above 4676, with the first target reached @ 4693 (42 point range)…
And then 4674 became a support zone in late trading (21 points)
Any further gains will depend on whether the S&P 500 continues upwards on Friday (above 1324.50), and the SPI opens higher on Monday…
- Daily Trading Set-ups & Analysis