The recovery from 2 month lows continues to struggle around the 21-DMA (3174.8) with the 3199.2 resistance remaining key to further topside. Bulls need a close above 3199.2 to confirm breaks of 21 & 200-DMAs and to shift focus to 3278.6-3302.9 where the 2014 high is located. Bears continue to look for a close below 3080.5 to confirm breaks of the 55 & 100-DMAs, reconfirming bearish pressure and targeting 2789.6-2921.7.
RES 4: 3302.9 2014 High Sept 19
RES 3: 3278.6 High Dec 5
RES 2: 3229.2 High Dec 9
RES 1: 3199.2 High Dec 10
PREVIOUS CLOSE: 3154.8
SUP 1: 3106.9 Hourly support Dec 18
SUP 2: 3080.5 Low Dec 18
SUP 3: 3052.0 Hourly resistance Dec 17 now support
SUP 4: 3004.2 Low Dec 17
