I would normally look for the market to fade the open and close that gap, or at least @ 4223 (Weekly 50% level):- 42 points.
Weekly 50% level random support.
SPI Weekly and Daily range…Early fade down from 4261 into the Weekly 50% level @ 4223.
As we have seen everyday this week, 42 point reversals attract buyers around the spiral lows, and today wasn’t any different.
With the Weekly 50% level @ 4223 providing the platform for the market to move upwards before settling into the close
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