The rally that has seen closes above the 55, 100 & 200-DMAs appears to have stalled around the Bollinger band top (3195.6) & Ichimoku cloud base (3197.2) for now. Bears need to see a close below 3151.8 to confirm an easing bullish pressure and below 3120.6 to shift overall focus back to 2971.5-2980.0. While the 3120.6-3151.8 region supports immediate focus remains on the 3223.9-3228.2 region.
RES 4: 3289.8 Monthly High July 3
RES 3: 3228.2 Ichimoku cloud top
RES 2: 3223.9 High July 24
RES 1: 3210.7 High July 30
PREVIOUS CLOSE: 3164.2
SUP 1: 3151.8 Low Aug 26
SUP 2: 3123.6 Low Aug 25
SUP 3: 3120.6 Rising short term daily channel base
SUP 4: 3086.3 21-DMA