Technical Analysis and Outlook
After a serial retest of our Mean Res 4385, the index is positioned to move down to retest the Key Sup 4305. The Mean Sup 4220 and Mean Sup 4170 are the primary targets. The Key Sup 4070 is in the near-term future cards. Whereas the bullish move to Mean Res 4475 is also possible within the downtrend mode.
After a serial retest of our Mean Res 4385, the index is positioned to move down to retest the Key Sup 4305. The Mean Sup 4220 and Mean Sup 4170 are the primary targets. The Key Sup 4070 is in the near-term future cards. Whereas the bullish move to Mean Res 4475 is also possible within the downtrend mode.