I would notice that SnP become to an interesting position due last down trend from May 2011 up to date. There are interesting levels to notice: 126.8 is ½ of last up wave (Nov 2010 116.5$ – May 2011 137.2$) and near 128$ are two support levels. Price broke down channel and has got oversold position. Yesterday’s bar looks like stopping action due to lack down progress and comparable volume. This situation let me expect new attempt to raise price.
