SPI Trading 2nd January part 4
11.13am
SPI pushing upwards into the January 50% level @ 6443.
Currently price is in a 3-day BUY cycle and above the Weekly 50% level @ 6392.
Personally I wasn't expecting this up move today because price was coming down from the R87 spiral top on Monday, so my expectation was that 6339 would be a valid risk level either way, but more likely to move down in the 3-day lows.
I didn't think it would move 87 points upwards (6422)
Posted by
Frank Dilernia