Resistance 4978 (Daily and Monthly highs)
Trend guide 4960"
SPI Weekly and Daily range
As per Weekly report, my view is that the Market has hit resistance levels and would begin to reverse back down towards lower Weekly levels.
However, the resistance levels @ 4978 didn’t push the market back below 4960, instead it has continued upwards…
Whilst above 4978, the bias is to follow the trend towards the Weekly highs @ 5022
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