Technical Analysis and Outlook
Outer Index Rally 4060's upside target (As shown on Chart Analysis For the Week of November 11) is currently in progress along with potential #2 Outer Index Rally 4140; however, the newly created Mean Res 3995 is in the interim a roadblock. The downside selected target to Mean Sup 3915 is very high once the completion(s) is triggered, with the possibility of extension to Mean Sup 3745 and beyond - in the foreseeable future.
Outer Index Rally 4060's upside target (As shown on Chart Analysis For the Week of November 11) is currently in progress along with potential #2 Outer Index Rally 4140; however, the newly created Mean Res 3995 is in the interim a roadblock. The downside selected target to Mean Sup 3915 is very high once the completion(s) is triggered, with the possibility of extension to Mean Sup 3745 and beyond - in the foreseeable future.
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