fanciful friday - the rally continues, page-79

After studying my EOD charts here is a couple of observations.

Daily DMI on SPI suggests a break up of significance in price above today's highs will be positive.

Daily RSI is at 51 and I consider 53 as positive so a higher close of significance will turn that positive.

5 day RSI on SPI is at 80. A significant higher close will change the trend to positive.

All these can be reversed and in fact if RSI gets significantly above 80, then the best long entry is on a decent pullback.

My most major trend indicator is about 100 pts higher and requires 2 closes above it to change trend and it has a second to none record for me.

XJO price closed right on the 3345 level that I also saw as significant closes.

In summary, we are at a critical point here.

Nothing is infallible and changes in trend can be short lived, however I am watching like a hawk.