Re SPI200 FWIW - This may have been discussed in the past already.
How many times has the range of 1930 (and percentages of eg. 50%) +/- a few points provided strong support or resistance often with a substantial reversal? Answer = Heaps
Here are but a few;
458 to 2387.5 = 1929.5
1184 to 3111 = 1927
2360 to 4290 = 1930
2827 to 4758 = 1931
3473 to 5407 = 1934
4950 to 6880 = 1930
5039 to 3111 = 1928
6009 to 4084 = 1925
And finally to my point - 2679 to 4610 = 1931
Cheers
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