The recovery from ahead of $1180.2-1182.4 resulted in the first pop above the 55-DMA ($1253.5) Tuesday since mid-August although the lack of follow through and failure ahead of the key $1258.5 resistance is an issue. Bulls need a close above $1258.5 to confirm a break of the 55-DMA and target $1274.4-1298.2. Bears need a close below $1245.3 to confirm an easing of bullish pressure
RES 4: $1277.7 – High Sept 4
RES 3: $1269.5 – Falling daily trend line
RES 2: $1258.5 – High Sept 9
RES 1: $1254.9 – Weekly Bollinger band top
LPRICE: $1248.7
SUP 1: $1245.3 – Low Oct 20
SUP 2: $1231.5 – Low Oct 17
SUP 3: $1223.0 – 21-DMA
SUP 4: $1202.9 – Low Oct 7