Technical Analysis and Outlook:
This week's index did not surprise us with the swift rebound (Mean Sup 4110) and continued the reignited rally as specified in a previous couple of weeks of daily chart analysis. The price action is expected to reach our primary destination of the Outer Index Rally at 4230 and possible extension to Outer Index Rally 4285 and Major Key Res 4310. The pivotal at 4230 is not expected at this time unless confirmed by Trade Selecter price action within this upcoming trading week session - stay tuned.
This week's index did not surprise us with the swift rebound (Mean Sup 4110) and continued the reignited rally as specified in a previous couple of weeks of daily chart analysis. The price action is expected to reach our primary destination of the Outer Index Rally at 4230 and possible extension to Outer Index Rally 4285 and Major Key Res 4310. The pivotal at 4230 is not expected at this time unless confirmed by Trade Selecter price action within this upcoming trading week session - stay tuned.