or we have a similar pattern as Tuesday and the market rises upwards 42 points, and continues towards 4549.
SPI Weekly and Daily range
Market opened below Thursday’s lows @ 4516, tested it, and was rejected down into the June lows @ 4460/62, as part of the monthly cycle
As Per Weekly report, once both the SPI and S&P move down into the June
lows, I'm looking for a short-term counter trend move upwards.
Therefore Thursday needs to hold support and Friday close upwards.....
Note:- DOW is still 150 points away from it's JUNE lows, so it can drag it down lower (1-day).
However, any JUNE support is only seen as temporary, as I have the trend
moving towards lower lows in July
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