will there be further weakness this afternoon., page-6

The 4 hrly on spi is still holding major ma's nicely and the 2nd bar holding above the first . It must close 3 pm at 74 or above and if so implies the next 4 hrly bar will also be up . If the past is a firmer guide it means 3 pm will close at or around 84 as a guide only .

Once in the past it has double bottomed on 4 hrly so a logical place now exists to run stops but if the prev 4 hrly swing low at 5353 gets taken out within a 10 bar frame from this morn's lows then the trend has turned down , or that's how i see it .

ge
ps; weekly lows on dow and s&p500 could also be key for the break if it was to happen but until then