With the rally having stalled ahead of the 3289.8 July monthly high the close back below the previous 3255.3 initial support confirmed an easing of bullish pressure. Immediate focus now shifts to layers of support in the 3123.6-3202.3 region with bears needing a close below the 100-DMA to hint at a deeper correction and below 3123.6 to see bears targeting 2014 lows once more. Bulls need a close above 3289.8 to reconfirm bullish pressure.
RES 4: 3348.2 Weekly Bollinger band top
RES 3: 3325.5 2014 High June 19
RES 2: 3302.9 High June 23
RES 1: 3289.8 Monthly high July 3
PREVIOUS CLOSE: 3245.2
SUP 1: 3202.3 Rising daily channel base
SUP 2: 3190.7 100-DMA
SUP 3: 3161.4 55-DMA
SUP 4: 3139.1 200-DMA