Recent pressure on 3095.2 resulted in a break higher and bullish close Thursday that turns attention to the 200-DMA. Bulls look for a close above the 200-DMA to end bearish hopes and shift immediate focus to layers of resistance 3151.5-3185.9 including 55 & 100-DMAs with a close above then targeting 2014 highs. Bears now need a close below 3097.3 to signal a false break and target 2014 lows.
RES 4: 3163.6 Low July 30 now resistance
RES 3: 3156.0 Falling daily trend line
RES 2: 3151.5 50.0% Fibonacci 3325.5-2977.5
RES 1: 3129.0 200-DMA
PREVIOUS CLOSE: 3124.4
SUP 1: 3108.1 Hourly support Aug 21
SUP 2: 3097.3 Hourly support Aug 21
SUP 3: 3065.2 Low Aug 20
SUP 4: 3056.6 Low Aug 18