Technical Analysis and Outlook
After hitting our Critical Mean Res 4590 as specified on January 31, 2022, the index continued the trend downwards by touching Mean Sup 4325. The current trend is eyeing the retest of the Key Sup 4295 and targetting Inner Index Dip 4210. The Outer Index Dip 4000 is on the horizon, whereas some bullish moves are also possible within the downtrend - Stray tuned.
After hitting our Critical Mean Res 4590 as specified on January 31, 2022, the index continued the trend downwards by touching Mean Sup 4325. The current trend is eyeing the retest of the Key Sup 4295 and targetting Inner Index Dip 4210. The Outer Index Dip 4000 is on the horizon, whereas some bullish moves are also possible within the downtrend - Stray tuned.