Some time ago we looked at this and identified a longer term base, which offered potential for a move to 100.00+. The market recently peaked at 95.05 and has seen a strong correction lower, which has halted ahead of the 81.05 50% retracement. We regard this now as the short term floor for the market and maintain our longer term a bullish bias.
The STA is the oldest technical analysis organisation in the world and to celebrate that fact, we have a free downloadable book on technical analysis here -
www.technicalanalysts.com
www.technicalanalysts.com