Technical Analysis and Outlook: Based on the chart analysis for March 8, it has been observed that the S&P 500 (Spooz) index has initiated a renewed downward trend from the completed Outer Index Rally 5170. The Spooz targets a newly created Mean Support level of 5096, which is anticipated to serve as a rebound point, enabling the index to retest the completed Outer Index Rally 5170. The subsequent important target for the index is the Outer Index Rally 5280. However, it is essential to note that there exists a possibility of the index experiencing a dip and resting at the Mean Support level of 5060.
Thank you so much for your analysis. Do you have any monthly targets?
TradeSelecter
⋅
@hoovaar, Here are eight monthly numbers for the Outer Index Rally/Inner Index Rally. 6852 Outer Index Rally 6526 Inner Index Rally 6354 Outer Index Rally 5868 Outer Index Rally 5855 Inner Index Rally 5745 Outer Index Rally 5597 Inner Index Rally 5535 Outer Index Rally