Technical Analysis and Outlook
The SPX index after completion of inner Index Rally 2840 is establishing minor Key Res 2833, while meantime is very likely to decline to our initial Mean Sup 2814. The significant additional support is found at Mean Sup 2744, and Key Sup at 2706. On the upside, there is an open path to the next Inner Index Rally 2880. (For latest Market Commentary, please visit the TradingSig_dot_com).
The SPX index after completion of inner Index Rally 2840 is establishing minor Key Res 2833, while meantime is very likely to decline to our initial Mean Sup 2814. The significant additional support is found at Mean Sup 2744, and Key Sup at 2706. On the upside, there is an open path to the next Inner Index Rally 2880. (For latest Market Commentary, please visit the TradingSig_dot_com).