SPI Monthly
SPI continuing higher with the 3rd Quarter UP move in September.
Not the price action I wanted to see happen even though my expectation was that price would move higher.
As mentioned a number of times previously. my preferred option would have been SET-UP A:- a move down into support from 4455 and then another Wave higher.
This would have provided another long set-up and more 'bang for the buck and th the 3rd quarter rise
Instead SET-UP B has continued higher with the August high close above the Yearly 50% level and higher move towards September highs.
At this stage once the September highs are reached I'll will continue to look for a rotation back down into support. (50%) SET-UP C
SPI Weekly and Primary range spiral filterSET-UP B was set-up with last Week's support and this week's lower open and rise up from support, and also helped by the exact same price action in the US markets.
after Friday's highs, I'm looking for a 2-day pullback into trailing support.
The first sign of SET-UP C occurring will be price closing below the 50% levels
