Index Analysis, Implications and Outlook
All indices climbed off of their respective day's lows, then again even the key S&P500 indices closed down negative 0.8%. The Index completed its inner Index Rally 2941and developed strong Key Resistance 2931.
The retesting the Key Resistance for several days posed a severe downturn to make a touchdown via Mean Support 2905 to the Mean Support 2889, while Key Support 2872 is resting below.
All indices climbed off of their respective day's lows, then again even the key S&P500 indices closed down negative 0.8%. The Index completed its inner Index Rally 2941and developed strong Key Resistance 2931.
The retesting the Key Resistance for several days posed a severe downturn to make a touchdown via Mean Support 2905 to the Mean Support 2889, while Key Support 2872 is resting below.