Short-term technical update (long termers feel free to...

Short-term technical update (long termers feel free to ignore)

So the big down day failed to have any follow through the next day, and the day after.
This was somewhat positive, but didn't mean it was ready to bounce higher.
I've been cautiously watching for a tight 2-3 day bearish flag/consolidation between 43-45, which is still possible right now, and if the flag breaks lower, then SP will likely test the support at 38-40.

However despite the above, the Zinc rally continues, sell side depth looking thin, buy side depth looking thick.
IMO it is in prime position for a move up today.

GLTAH