FBIDX at critical juncture

FBIDX is hovering at its 38.2% Fibonacci support turned resistance turned support, near the 11.30 level. Below it, the next support is at 11.21, while the next target up is 11.43.

The two dips below the 200MA is December were reversed immediately, and right now CCI and %R are looking positive.

In light of all this, it may be best to wait for FBIDX to show more direction.

Another positive sign is the Chaikin Money Flow for AGG, which is the base index for FBIDX.  It has turned positive after the first dip below the 200MA in mid-December.