SM - impeded by previous gap down

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SM = 412.5 (0.6%)

SM still has yet to close the previous gap down and has become a significant impediment or resistance.

Note SM still has momentum for the uptrend as can be seen by the price continuing to form higher lows.

Resistance:
417.5-422.5-427.5 - previous gap down and recent resistance of price movement within the gap down

Support:
390 - previous resistance and 130MA

Good luck to all SM traders!

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