SPI Weekly and Daily cycles
The SPI opened higher, but spent the entire day hitting a brick wall of the Monthly 50% level in January.
21 point range all day, without moving lower and testing the daily 50% levels.
Trend bias remains down....
but it won't take much for the SPI to open above this level if US markets move upwards on Tuesday.
- Daily Trading Set-ups & Analysis
- Index Futures SPI, DOW S&P, & Forex
- Subscribe to the Trader Premium
- http://www.datafeeds.com.au/premiumtrader.html
Posts
