SPI Monthly and Weekly
Last Week's view was a higher Weekly open to come back and test the Weekly 50% level.
This played out, and the SPI will probably move towards the April highs next Week
At this stage my view is for the SPI to remain range bound between the April highs and the 50% level in this Quarter.
I can't see price much higher than the April highs, as this is valid resistance this Quarter....
But I can see prices coming back down to retest the 50% levels.
I'll get a better idea on the next high probability set-up after the next 5-days of trading and the following Week begins coming into the last Week of the Month
- Daily Trading Set-ups & Analysis
