As expected SP pulled back to 1.20 which is now also the 20 DMA on the hourly chart. Strong support here and if held, it is a pull back to the IHS neckline. This will be a great move, and we should be seeing interesting price actions the weeks ahead with a pause at 1.50.
The weekly chart is showing an uptrend on the starting block.
As expected SP pulled back to 1.20 which is now also the 20 DMA...
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