The weekly shows the original dashed trend line and the lower blue trend line is the current which was breached over the last couple of weeks but the SP has bounced back above the trend line following the announcement so the break can be assumed as a false break if the trend line holds from here on in. The trend line could also be drawn to last weeks low but for the moment will leave it where it is assuming the SP trajectory is back on track again. The MACD has ticked up.
The market probably will be a factor going forward with a bit of dithering considering that the forthcoming US interest rate decision is creating some uncertainty.
Weekly COB May 24th
AJX Charting, page-154
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