Coming up to close on the IGMarkets DJIA equivalent, and price has pretty much completed the Hourly range suggested by price action 5 days ago.
I see the current area as a relatively low risk technical short... based on the scenario that price has commmpeted a 3wave structure or ABC, oft retraced past the point at the start of the wave structure...
that's the negative scenario for price, positive scenario is if we make significan upside from this area in the next day or 3 then more likely in a 5 wave up, which means a deeper retrace later but higher prices post the break out.
/AT THIS STAGE the closing action at least suggests initial shorts AFTER OPEN on the spi.
;)
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