Below 4308 and trend bias is down 42 points into the 5-day 50% level @ 4281 (random support)
SPI Weekly and Daily cycles.
Timeframe closed below 4308…
This put pressure on the market to move back towards the 5-day 50% level @ 4281, (random support)
The market is now below 4300, and it looks like it will close last week’s gap @ 4256 by tomorrow.
Trailing support 4244 (Weekly 50% level)
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