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.
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Last
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Change
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Open | High | Low |
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