Chart, page-7747

Nice bounce off the Kumo as was previously posted.

All the supports in the previous post still stand.

We now have resistance around the $3 mark.

The second resistance zone could be the $3.15 zone.

The SP is trading where it should be on an Ichimoku chart, which is just above the Kumo. This means the SP could be more stable & a steady rise in the SP may occur. The SP has reached equilibrium on this weekly chart.

The Kumo (shaded red/green zones) thickens over the coming weeks so if the SP continues to trade sideways it will encounter more support than we have in the past. Which means we shouldn't see GXY below $2.80 again.