SPI200
Short Term Trend: Bullish.
Price Action Signals: Price broke down from an Inside Bar Pattern that formed just under the 6885 resistance level late last week (counter trend).
Potential Trade Idea: We are considering trading longs after a retracement in prices AND from a price action buy signal on the 1 hour, 4 hour or daily chart, at either the 6765 or 6555 support levels.
Price Action Signals: Price broke down from an Inside Bar Pattern that formed just under the 6885 resistance level late last week (counter trend).
Potential Trade Idea: We are considering trading longs after a retracement in prices AND from a price action buy signal on the 1 hour, 4 hour or daily chart, at either the 6765 or 6555 support levels.
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