9:00amBullish trend this week and expectation that Price on Friday will close above 6647.
This will confirm and swing the Weekly cycle around, and then the expectation is for a move towards the December highs. (Dilernia Principle 2-month Wave pattern)
Risk 6685:-
Higher Daily open and expectation that price will come down and close yesterday's gap @ 6642.
Gap closure will confirm support above the Weekly cycle highs 6647, and the SPI could move much higher by Monday, especially if US markets continue higher on Friday:- A bullish Weekly trend (higher close on Friday)
A down-day will continue down closing yesterday's gap and move 87 points.
Because yesterday's gap of 6585 didn't close, the expectation that the gap is still open and still a possibility, whether it's today or next week.
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