I should probably add there appears to be a descending/falling wedge pattern forming on the weekly charts.
A falling wedge pattern is considered bullish & they take 3 to 6 months to form (which we have).
They can usually be spotted when the price oscillator is trending up (opposite direction of the SP) which I believe we have on the charts.
We just need a week or two of increased volume & it could be the breakout we have been waiting for.
Chart, page-9549
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