Recent hesitation ahead of the key 3199.2 resistance level has now resulted in a close below the 200-DMA (3161.9) which has eased the bullish pressure. The 100-DMA continues to support with bears now looking for a close below to shift immediate focus to the key 3080.5 support. Bulls need a close above 3199.2 to confirm a bullish bias and shift focus to 3278.6-3302.9 where the 2014 high is located.
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: 3136.0
SUP 1: 3132.2 100-DMA
SUP 2: 3106.9 Hourly support Dec 19
SUP 3: 3080.5 Low Dec 18
SUP 4: 3024.8 Ichimoku cloud top
