Chart1: The SP had a false breakout above the 1370.75 balance high, testing the resistance area (see Freddy's levels) before closing back in the middle of the bracket. The lower end of this range is 1325 – 1322.75.
Chart2: Update showing the longer term profile since the breakout from the 7-Day bracket on Jan 15. It looks like the market will need to develop this range more before breaking out.
SRS
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