The pullback from ahead of the key 3199.2 resistance level continues to find support around the 100-DMA although bears have taken comfort in the closes below the 200-DMA. The 3199.2 resistance level remains key with bulls needing a close above to confirm a bullish bias and target the 2014 high. While 3199.2 caps a slight bearish bias remains with bears looking for a close below 3080.5 to target 2014 lows.
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: 3146.2
SUP 1: 3133.4 100-DMA
SUP 2: 3106.9 Hourly support Dec 19
SUP 3: 3080.5 Low Dec 18
SUP 4: 3057.1 50.0% Fibonacci 2921.7-3192.5
