- Daily Trading Set-ups & Analysis
SPI Futures 24th September 2012 Daily recap
we have a Friday high reversal pattern, and when that occurs the trend bias is often downward for the first 2days of the new week. If that's the case, below the daily 50% levels the trend bias is down... Random support Monday's lows @ 4384
Index Futures SPI, DOW S&P, & Forex
Subscribe to the Trader Premium
SPI Weekly and Daily cycles
The SPI has started this week with the first day of the 2-day reversal pattern.
Monday's lows have formed support, and this also aligns with the Primary support level @ 4389, as described in the Weekly report....
Trend bias is now defined by the Weekly level @ 4400, as to whether Tuesday continues with it's 2-day 'sell' pattern...
or 4389 continues to Support the overall trend, and the last week of the Quarter makes a beeline towards the September highs
Posted by Frank Dilernia