SPI Daily 24th December 2010 recap

The SPI is trying to complete the move into December highs @ 4823-41

Trend guide 4797.

If below pullback is into 4771 (support)




SPI Weekly and daily range.

I was expecting the break and extend pattern to continue up from Thursday’s breakout towards Friday’s highs.

However, once it started to trade below 4802 the upward bias was limited until the market moved down into the Trailing support zone @ 4771

Merry Christmas to everyone



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