Well Jacob I think you answered your own question. 'It's held so far".
Since the breakout of .18 last week I've been spruiking that the SP needed to retest and it just so happens that the .18-.185 zone lines up with a few technical support levels so it's pretty important for those TA enthusiasts.
Love it that it came down and shared the love at .185 today and has bounced off. Looking forward, we need the SP to print more daily candles above that level cementing it as strong support. Looking at the chart you can see some resistance at .20, of course we'd love to see daily closes above that as the SP transitions from a downtrend to an uptrend.
So, next week will take care of itself whilst the daily keeps delivery nice closes.
Hope this makes sense.
Cheers.
IMUGENE CHART. TA only, page-15292
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