XJO 0.10% 8,212.2 s&p/asx 200

easter spi, page-64

  1. 17,444 Posts.
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    Normally a big move like today suggests the US will follow tonight. We don't always get it right but much more often than we get it wrong.

    The Dow has had 7 days up and that doesn't mean it can't go up again but.

    In fact a string of 8 days in a row is often an important exhaustion. It can begin a big movement as an initiation phase or end one big time.

    The fact that SPI is ticking up through resistance of Bollinger Bands may mean it is trying to increase the trend angle and increase the impetus.

    If price can persist then resistance will concede more in following days.
 
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