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SPI opened much higher than expected, but the push down into

 6201 completed the Spiral point, so whilst price is trading or moving

from that level the expectation is a 44 point move @ 6233 and

extended move will take it to 6279...

However the pivot is 6224, so a reversal from a 44 point swing point high

and trading below the Dilernia pivot, I don't want to be trading longs again

today, and the spiral point low of 6202 becomes invalid on Thursday

if price reverses back down into 6202

Basically if you want to be 'shorting', a R44 swing point high and drop

back under the pivot gives you a good reason to short, or not to be

trading longs again today.

But from now the outcome is random, I don't know whether price is going

 to make an major move down, or consolidate between the pivot and

the Spiral low and head higher later.

But regardless, going long and parital exit around the R44 highs, I don't

care what happens the rest of the day, but it gives others ideal levels in the market to manage intra-day risk

Frank Dilernia