This is the hourly going back to the May 17/18 48.5 cent low and the recent 56.5 cent high with a Fib retrace overlay. Mostly the SP recently is in the 53.5 to 54.5 cent band with most of the action around 54 cents at the moment.
Whether the 52.5 cent 50% retrace comes into play I don't know. Most of the buying has been coming from off screen so one can't take too much notice of the visible market depth.
Hourly COB May 30th
TA discussion, page-5091
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