Failure ahead of the 3223.9-3239.8 region is a concern for bulls with a close above this region needed to shift focus back to the 2014 highs. In saying that, corrections lower continue to find support ahead of the key 3125.6-3143.8 region. Bears need a close below the 200-DMA to end the choppy sideways trading and bullish hopes and see immediate focus shift to the 3083.4 Apr monthly low.
RES 4: 3325.5 2014 High June 19
RES 3: 3289.8 High July 3
RES 2: 3239.8 High July 8
RES 1: 3228.1 55-DMA
PREVIOUS CLOSE: 3171.5
SUP 1: 3143.8 Rising channel base Sep 13/Mar 14 Lows
SUP 2: 3129.1 Monthly Low May 7
SUP 3: 3125.6 200-DMA
SUP 4: 3083.4 Monthly low Apr 14