Aussie Index (SPI) 5th Sept Weekly

SPI Futures

SPI trading around the Yearly 50% level @ 4455...

I do have a view of higher prices into the 4th Quarter...

However, my preferred pattern continues to remain price drifting sideways until the 4th Quarter and rising up from the 50% levels

SPI Weekly and 5-day pattern

SPI trading above Weekly support and can continue higher next week....


However, for the next couple of weeks i'm leaning to a sideways pattern until the 4th Quarter begins.


For SPI traders it's simply trading on the right side of the levels in the 5-day range, and looking for those 21-42 point intra-day range patterns.