Friday 10th January 2020

SPI continues to be bid and is looking likely to close the first week of the year on a high note. Still in buy dips mode looking for a break, but doubt it comes today, perhaps over the next 2 weeks or so. Banks will be the key to a break out, so while they are weak more chance of the ranges at these highs remain. Once banks decide to join the party though then the next leg to 7000 will be on