Technical Analysis and Outlook
Continuation downtrend from our Mean Res 4385, the index created sub Mean Res 4275 for the near-term retest. But the current main target is Mean Sup 4170, completed Outer Index Dip 4150. The Key Sup 4070 and expended Outer Index Dip 3990 are prevailing driving trends, whereas the intermediate bullish moves within the downtrend mode are nothing but an interruption/distraction.
Continuation downtrend from our Mean Res 4385, the index created sub Mean Res 4275 for the near-term retest. But the current main target is Mean Sup 4170, completed Outer Index Dip 4150. The Key Sup 4070 and expended Outer Index Dip 3990 are prevailing driving trends, whereas the intermediate bullish moves within the downtrend mode are nothing but an interruption/distraction.