or the market swings up from the June lows, and towards the July 50% level.
SPI Weekly and Daily range
SPI opened below the daily range @ 4459, and has remained below it all day, which also coincides with the market trading below the June lows.
The current expectation is that the market is moving towards the July lows (unknow as yet), as part of the June 50% level rejection pattern.
However, with the S&P trading above the Weekly level, the Aussie market could open higher tomorrow, and swing back towards the Weekly level @ 4487.
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