The close below the 21-DMA Tuesday has now been followed up with a close marginally below both the 200-DMA and the rising daily channel base. This shifts immediate focus to the 55 & 100-DMAs and the 38.2% Fibo with a close below 3075.6 seeing bears targeting 2014 lows. Bulls now need a close above 3199.2 to ease bearish pressure and above 3232.4 to shift focus to the 3278.6-3331.9 region.
RES 4: 3302.9 2014 High Sept 19
RES 3: 3278.6 High Dec 5
RES 2: 3232.4 Hourly support Dec 5 now resistance
RES 1: 3199.2 High Dec 10
PREVIOUS CLOSE: 3151.1
SUP 1: 3130.0 100-DMA
SUP 2: 3105.2 55-DMA
SUP 3: 3091.8 38.2% Fibonacci 2789.6-3278.6
SUP 4: 3075.6 Low Nov 20
