SP has been whipsawing against the moving average in a ranging market up until 3 days ago. A trending market (uptrend) occurred when respect was shown to the moving average with three consecutive days of higher highs; higher lows; and higher closes.
SP should find a new level of support on rerate as 60c appears now the new resistance level.
Should be some volatility opening the door for swing trades this coming week if you are into that kind of thing
Boom
XTE Price at posting:
54.0¢ Sentiment: Hold Disclosure: Held