light blue zones are major resitance and support, darker blue is minor. we see SXP following the red trend line back up to the major resistance, if solidly breaks below red trend line. short, look for re-entry potentially at yellow upwards trendline
if breaks above current price and minor zone, long and wait for confirmation of break of upper light blue zone
if breaks above current price and minor zone, long and wait for confirmation of break of upper light blue zone
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.