The SP has reached a pivotal stage right now. It is on the verge of a major change of market structure, where the .50 resistance is constantly being tested, and RSI/ VROC and vols in general show that it WANTS to move to a new, higher structure.
However, should this test keep failing, the price will fail and probably retest the low .40's.
The fall of the tin price on Friday is the true litmus test. If the price holds under pressure, then we can ( hopefully) expect a new stage of price action.
This unfortunately will.always be a retail trade, as institutional investors will likely circulate around more liquid companies, and the current structure is just too complicated.
Anyway, this week is, in my humble opinion, a company maker, re the true shareholder belief.
If we see .53's at volume , get ready to donate that kidney, or the bit of liver that continually gives you hell after a night on the Green Fairy, becausei t's truly time to load up..
DYOR/GLTAH, blah, blah fkn blahhh....
MLX Price at posting:
50.0¢ Sentiment: Hold Disclosure: Held
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