Nothing special about 44 cps, the SP bounced off 45 cps, and quite strongly, that is where the resistance is, and it's the one month high, also the 3 year high. Today 's trade was a continuation of the bullish trend that started on the 28th of June ie 12 days ago and has added 4% to the SP. On the 14th of May the SP was 47 cps so while the current bull run is positive I'll get excited when it breaks though 45 cps and then 47 cps.
SXY Price at posting:
44.5¢ Sentiment: Buy Disclosure: Held
