The SP is driven purely by market sentiment (fear and greed...

The SP is driven purely by market sentiment (fear and greed mostly) with scant regard for company long term fundamentals. The chart tells the story, there is a previous support base at around 150c, without any company news this will return to that level quite soon and then wait for a surge in market sentiment (good or bad) before the next leg up or down. Without any tangible valuation from earnings on a company we tend to resort to nice round numbers as guidance on value.

The RSI is heading into the oversold zone.....I will look to get in as it dips under 150...possibly tomorrow, unless the DOW goes crazy up tonight which is unlikely judging by the futures.