SPI Daily 24 December 2009 recap

"Breakout of Wednesday’s high should continue into Thursday’s highs.

Thursday is about whether the market continues to trend upwards into a higher weekly close

Or rotates down over the next 1-2 days, using next week’s 50% level as support.

High risk trading shorts above Thursday’s high, as the Weekly timeframe looks to be trending into a higher weekly close.."




SPI Weekly and 5-day pattern.

As pointed out in the Weekly report:- above 4690 after the first 2-days and potential higher weekly close by the end of the week.







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