Todays SPI ..as mentioned yesterday the rally that unfortunatly began near the bottom of the range failed to morph into a move higher and we are back under the influence of the value price @ 4635...there are 38 half/hr hits at this price and I've seen them ( ranges )go out to over a 100..it's called price control ..shaded is the center of the green curve
26-45 and the center of what the market has defined as current value for the index.I never initate trade in this area as there is no advantage for me ..I prefer to fade the extremes....the only thing that is not random in the bracket is value..choppy trade between the extremes can be good for your broker but not so great for your account.might go fishin.
with a buy order @ 4592 on a 10 point stop loss .
good luck ..and good trading .
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Todays SPI ..as mentioned yesterday the rally that unfortunatly...
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