@Asphen:"Economy worrying" PPI actually pushed SPY above 412! Closed strong and looks to gun for 416! - Impressive showing by the bulls on Thursday to break through 412 (Low volume melt-up continues!) - Still in controlled buying channel - Good retail sales numbers on Friday might bring it to test 416! - Unlikely to break 416 even though 420/421 had been the target level (based on many indicators) - Thursday closed strong with no bears in sight My watch - (Refer 5mins chart) Last night was in a buy channel from 10pm so it was meant to be bullish - Key Friday is to see if the trend channel continues ==> any change would mean back below 412 - Continued bullish (Retail sales 830pm) might continue to the climb - Will see trading range 412 to 416 As previous sharing, cautiously bullish for now. MA5

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