Technical Analysis and Outlook
The Index is rebounding from the inner Index Dip 2630 completion. We are currently observing Dead-Cat-Bounce stage One towards the Mean Resistance 2690. The intermediate Key Resistance 2736 is a possible target for the second stage rally. On the downside scenario, we have newly created Mean Support 2633 as well as Key Support 2583, and outer Index Dip 2527. (See 'Market Commentary' on the TradingSig website).
The Index is rebounding from the inner Index Dip 2630 completion. We are currently observing Dead-Cat-Bounce stage One towards the Mean Resistance 2690. The intermediate Key Resistance 2736 is a possible target for the second stage rally. On the downside scenario, we have newly created Mean Support 2633 as well as Key Support 2583, and outer Index Dip 2527. (See 'Market Commentary' on the TradingSig website).