Early rise upwards this week resulted in 1098.50 providing a robust resistance level, and as pointed out in the Premium Report on Thursday...
Once price drops below 1084.75 the trend bias was to move back down into the Weekly lows:- lower Weekly close by Friday
At this stage I favour more weakness, with a trend bias down towards 1022 during the 3rd quarter...
However, based on Friday's lows there is a potential 2-day counter-trend to begin next week
Next week's 5-day trend guide will be based on 1077.50, along with the levels in the 5-day range whilst trading 8.5 to 14 point spiral points for day traders.
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