My view is that the market will remain between those levels in early trading. If below 4278 the trend bias is down into Thursday’s lows @ 4250, as part of Wednesday's break and extend pattern.
SPI Weekly and Daily range.The early price action played out precisely, with monthly support pushing the market back towards the Weekly lows @ 4321, along with the expectation that these lows would form resistance.
However, the continuation down towards 4250, wasn’t verified until the market started to trade below support levels @ 4278
And the current trend is moving down into the Primary support levels @ 4137/57
However, the continuation down towards 4250, wasn’t verified until the market started to trade below support levels @ 4278
And the current trend is moving down into the Primary support levels @ 4137/57
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