Hi Supermatt,
It seems like the breakout did not eventuate as expected, for it to be valid we want a higher low than 54c.
SP has retraced down 76% fib to 58.5c before a small bounce. Hopefully that's the low.
Usually for rally for be intact, it should find support at 62% fib retrace @ 61.7c but it went into a deeper retrace.
It's a hold for me until it can breach the recent high of 74c or close and hold above 66.5c where momentum will be back.
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