13.55
SPI has followed the expectation of higher prices this week, and now price is hitting the Weekly 50% level @ 6477.
This level has defined the direction of most global markets on the way down in November, it's going to define the trend this week.
A confirming bullish market would continue higher and closing above the 3-day highs. That would be the first sign that the trend has change when both occur, especially as it rises upwards from the previous 87 point high.
The previous 87 point range supported the market @ 6422, and another follow through upwards of 87 points matches the 3-day highs and closure above it @ 6507..
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