Every now and then I run out of ideas to write about in the blog and it starts to get repetitive.

The SPi had some good setups today with an initial expansion bar at 10:25 with the trend.

New highs were made above 4400 but the momentum died with the candle tail and the next reversal expansion candle down.

The lower rounded high set up the Tap Pattern structure with the expansion bar down providing potential signals.

At 4370 a reversal setup bar showed selling drying up and the market retested 4390 highs.

Down price went again with strong momentum as world indicies sold off.

SPI 19-8.jpg (125.60 kb)