The pullback from ahead of key DMAs clustered 3129.7-3148.8 resulted in a close below the 3062.0 support Tuesday and in the process eased the previously bullish pressure. Bears now look for a close below the 21-DMA to add weight to the bearish case for a move lower that targets the 2014 low set last month. Bulls need the 21-DMA to support and a close above 3098.2 to see pressure return to key DMAs.
RES 4: 3259.2 High Sept 25
RES 3: 3169.9 High Oct 96
RES 2: 3129.7 55-DMA
RES 1: 3098.2 High Nov 5
PREVIOUS CLOSE: 3034.1
SUP 1: 3010.6 21-DMA
SUP 2: 2965.6 Low Oct 30
SUP 3: 2906.0 Low Oct 21
SUP 4: 2789.6 2014 Low Oct 16