SPI Daily 13th January 2011 daily recap

When looking at the spiral filter and the 5-day high in the day session we have support around 4731-34.

Breakout of 4734 and above the Weekly 50% level and it's a continuation up towards the Weekly highs.



SPI Weekly and Daily range


Break and extend pattern from Thursday’s highs @ 4734 & towards Friday’s highs tomorrow.

A move towards the Weekly highs didn’t happen during the same day, but likely to happen overnight/tomorrow depending on the S&P 500 tonight


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