Consolidation above the 3213.5 support continues with pressure remaining on the 3261.7-3302.9 region where the rising daily channel top, daily Bollinger band top and 2014 high are located. Bears need a close below 3213.5 to ease bullish pressure and shift focus back to 3109.3-3169.9. A close below the 200-DMA is then needed to hint at a sustained move lower with below the 55-DMA confirming breaks of additional key DMAs and initially targeting 3026.4.
RES 4: 3324.2 Weekly Bollinger band top
RES 3: 3302.9 2014 High Sept 19
RES 2: 3294.1 Rising daily channel top
RES 1: 3261.7 High Dec 2
PREVIOUS CLOSE: 3247.5
SUP 1: 3213.5 Low Dec 1
SUP 2: 3193.4 Low Nov 24
SUP 3: 3169.9 Alternating daily support/resistance
SUP 4: 3157.0 200-DMA
