Just been reviewing my charts after last nights action and it is worrying.
SPI overnight ranged from 6153 (a base) and 6269 (a possible broken trendline). Nothing wrong with that if that is its confines on the upside.
What would freak me out is SPI making new highs by Wed or Thur, probably with XAO/XJO not.
With so many "times" due it is not unreasonable.
The overall pattern would bear an uncanny resemblence to the '87 pattern top.
A top on 13-14th would also allow a similar 14 cal day drop into 27-28th, which is my expected cycle low.
It was 14 cal days that occurred between 06/10/87 and 20/10/87, the first being the SPI high and the latter being the crash day.
Unlikely I know, but one clue will be a new high with a couple of very big up days followed by a huge reversal down day from the top.
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