SPI opened lower and proceeded to break the daily 50% level @ 4111…
Sending the SPI back down into the January 50% level @ 4088
Friday’s close below the January 50% level isn’t a good sign in the short-term, as it now resumes its Primary cycle trend…
As US markets struggle to move above their own Weekly highs.
Weekly level @ 4080 currently supporting the Trend, which dynamically shifts next week.
Weekly report out tomorrow
- Daily Trading Set-ups & Analysis
- Index Futures SPI, DOW S&P, & Forex
- Subscribe to the Trader Premium
- http://www.datafeeds.com.au/premiumtrader.html