I believe that the correction for the SXP is over and the pair is getting prepared for a super-cycle bullish marathon. First target would be the previous high at 4.93, however the wave three of this cycle I think will be completed somewhere near 12 or so.
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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.