Technical Analysis and Outlook
The Spooz has completed a retest of the Mean Sup $4,307 is currently in an aggressive up-move to our Mean Res $4,389.
The Spooz has completed a retest of the Mean Sup $4,307 is currently in an aggressive up-move to our Mean Res $4,389.
Comment:
The Index is rebounding from the Mean Sup $4307 - our buy zone as a ''Rinse & Repeat'' action. The trend is progressing to the forecasted target of Mean Res $4389 as projected.
Comment:
The Spooz is currently in a downtrend - leg down as "Cross-Check Target" #1 to Mean Sup $4,307: An ample buying opportunity between $4,303 and $4,307 for resurgence to retest Mean Res $4,400 and follow through to another Mean Res $4,454.