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Today's fall in the SP is significant.In the diagram 1 is the...

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    Today's fall in the SP is significant.
    In the diagram 1 is the first very bullish trend line
    That broke down to a more conservative second trend line at 2, but still bullish.
    But 2 has now broken decisively down to trend line 3, unknown at this stage but 16 cps very likely imo.



    https://hotcopper.com.au/data/attachments/5463/5463697-24d33a01779e21490da7f768181abc24.jpg
 
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