Layers of resistance 3139.9-3169.9 continue to thwart attempts to shift immediate focus to 2014 highs with bears taking some comfort in the pullback and relatively bearish close Friday. The 21-DMA remains key support with bears needing a close below to confirm a break of the 21-DMA and short term channel base which would then shift overall focus back to 2014 lows. Bulls need a close above 3169.9 to see the 2014 high targeted.
RES 4: 3259.2 High Sept 25
RES 3: 3169.9 High Oct 6
RES 2: 3149.8 200-DMA
RES 1: 3139.9 100-DMA
PREVIOUS CLOSE: 3064.8
SUP 1: 3028.3 Low Nov 4
SUP 2: 3014.5 21-DMA
SUP 3: 2965.6 Low Oct 30
SUP 4: 2906.0 Low Oct 21