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Markets will reverse and have range lengths based on the previous

trading days, that is why we had a massive reversal last week, because

of the previous 5-days of trading.

The same applies today, the 2-day reversal, which often occurs at the

start of the trading week is simply trying to fill the ranges from the past

 5-days of trading.

And the gap of 5580 is still there….

My morning post (7:30am)

SPI opening around the Weekly 50% level @ 5766, and it's going to

 move either way. A 2nd stalling day (2-day reversal at the start of 

the week) and expectation that price will push down a minimum 

44 points....

Wednesday:- Random length it could move down towards the pivot lows

 @ 5663.

If there is a reversal off these lows today, it will be impressive also,

 because it's just filling the ranges of the past 2-days of trading.

A rate cut tonight and I'm sure US markets will move higher....

A failure of a rate cut, and SPI will probably open around 5580 tomorrow.