Take that with a grain of salt. I don't want to lead anyone up the wrong path but that's my opinion.
At the moment, you'll see some resistance at 0.8c/0.9c as those who got in early from 0.3c-0.5c start to de-risk and take some off the table, but that probably doesn't mean they're not here for the long haul. The SP is hitting some longer term moving average's on weekly and monthly charts and with it brings some resistance, so it'll need to soak up all loose hands around these levels. Remember, we're still in tax loss selling months so there might be a few above who take the chance to book their loss.
I'll stick with the VSA setup theory until I see differently. Good luck to all.
Take that with a grain of salt. I don't want to lead anyone up...
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