SPI Daily 6th December 2010 recap

Trend bias is to continue upwards, however I'm looking for the SPI to move into a 2-day reversal or consolidation pattern...Minimum pullback is towards 4673:

Resistance 4728

Trend guide 4698.


SPI Weekly and Daily range.

As per Weekly report, I’m looking for a short-term pullback because of the change in the 3-day cycle:- currently 4637.

Ideal set-up today would have been an early rise into 4728 and then a reversal down.

Instead the trend guide @ 4698 supported the market for most of the day.

"my view is around 4726-28 will try and move down towards 4673 over the next 2-days.

However, the day session @ 4698 might provide support today….morning report



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