Dips continue find support ahead of the key 3122.8-3129.1 support region with bears needing a close below the 200-DMA to add weight to the bearish case. Immediate focus will then shift to the April monthly low with overall focus shifting to a retest of the Mar monthly low (2971.5). Bulls now need a close above the 100-DMA to ease bearish pressure whereas a close above the falling daily trend line(3243.9) shifts focus back to 2014 highs.
RES 4: 3227.3 55-DMA
RES 3: 3214.7 21-DMA
RES 2: 3211.5 Monthly low June 30 now resistance
RES 1: 3187.1 100-DMA
PREVIOUS CLOSE: 3137.0
SUP 1: 3129.1 Monthly Low May 7
SUP 2: 3122.8 200-DMA
SUP 3: 3106.7 61.8% Fibonacci 2971.5-3325.5
SUP 4: 3083.4 Monthly Low Apr 14