Also, since we're talking about this magic number, 5.2 isn't...

Also, since we're talking about this magic number, 5.2 isn't even a significant level imo, other than 5.1 being the recent (very recent, yesterday!) previous high, I don't see anything special about it technically or via the depth.

SP is currently in a phase of testing the 60-62 level, so I reckon once 5.1 breaks, it'll trade right through to 5.5 and head towards 60.

If the longer-term double bottom does play out, it'll break this level too and test 70.
And I believe this scenario is highly likely given that the fundamentals support the move (Zinc rally).


Have a good weekend and GLTA next week