the upward movement came after all on a nice catalyst, not just...

the upward movement came after all on a nice catalyst, not just speculation and on reasonable volume. My tea leaves are saying neutral ATM but levels I'm watching include all of those POI's (zoomed in below the weekly chart). The 5.6 level was attempted over the last 2 weeks reaching 5.7 before bouncing up. Hopefully they're moving on from there now. Time will tell but we now have the catalyst needed to support higher SP.





On a weekly time frame, the SP is below the 43 EMA (orange trend), on the daily it's above. On weekly the RSI is in neutral territory but aiming upward. The long downward wick indicates SL hunting which was anticipated on my charts.

If you're speculating where the SP will go, watch those POIs. A better sense of direction will come over the next couple of weeks but keep in mind what's going on in the middle east, gold and other macros.

GL