SPI Daily 14th January 2011 daily recap

There is a breakout of Thursday's highs, therefore I have an expectation that the trend is going to continue towards Friday's highs :- break and extend pattern.

Trend guide 4774





SPI Weekly and Daily range.

Slow trading day, as the market consolidated above 4774.

Late afternoon buying saw price try and continue towards the Weekly and Daily highs on Friday.

That will now depend on the S&P 500 and sycom overnight.




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