Last Thursday I wrote: "For a further confirmation, the sp...

Last Thursday I wrote: "For a further confirmation, the sp should close higher tomorrow." Then on Friday the sp closed higher. So the Selling Climax is confirmed for the second time. In other words, the end of the markdown phase or the downturn from November 2022 has been confirmed twice.

The demand zone, 9.77 and 10.14 lines, is not absolute. I am sure there will be more Secondary Tests which may break the 9.77 line; especially if there is Spring. But I don't think it will go lower than 9.60.

From here, the sp is very likely going to go up to the supply zone. That supply zone I mark is my guess.