SPX (S&P 500), Daily Chart Analysis 10/5

SPCFD:SPX   S&P 500 Index
Index Analysis, Implications and Outlook
All indices climbed off of their respective day's lows, then again even the key S&P500 indices closed down negative 0.8%. The Index completed its inner Index Rally 2941and developed strong Key Resistance 2931.

The retesting the Key Resistance for several days posed a severe downturn to make a touchdown via Mean Support 2905 to the Mean Support 2889, while Key Support 2872 is resting below.
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