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S&P 500 Daily Chart Analysis For October 5, 2021

SP:SPX   S&P 500 Index
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.
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.