SPI closed above its 3 day highs yesterday and doing the retrst of the 3 day lows of 3101 and now trying to make up its own mind. the arvo will give us a clearer direction.
$64 question, if they like it they will buy it up this arvo, targets 3122, 3133.
if they don't there could be a good chance that the spi will try and test its new monthly 50% at 3084 in the short term.
as its above its monthly 50% i view that the market still in an uptrend on this new month. Until it closes below its 20 day lows, i'm treating each day within a 3 day cycle, so no long term views, but i'm always weary on Sept/Oct.
SPI Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
