SPI FuturesExpectation that a move towards 4455 would play out in the 3rd Quarter from the July Thrust pattern and then reverse down into the 50% levels before the next leg upwards.
Or that is what I hope for.
The reversal down was based on price retesting the July breakout and matched with the 50% levels and then heading higher into the end of quarter.
The 2nd week top @ 4455 and 3rd Week reversal should have continued down in the 4th Week, and not have a lower Weekly open above 4314:- rising and higher Weekly close.
4314 was the August highs, and price will most likely follow the September pattern towards 4664, as the monthly timeframe will close above the August highs.
SPI Daily
Trend support next Week is 4367-95, with a bias to move higher.
Note:- levels will be confirmed after another Week of trading (5-days)
As the Weekly timeframe won't move into September until next Friday's close.
