The move towards the $1253.8-1257.3 region continued Tuesday with the Bollinger band top ($1237.0) limiting follow through. Bears continue to look for a close below $1217.6 to shift focus back to the $1191.1-1201.7 region where 21 & 55-DMAs are located. While $1217.6 supports bulls remain focused on the $1253.4-1257.3 region with the Bollinger band top and O/B daily studies now seen as key concerns.
RES 4: $1264.3 – 55-WMA
RES 3: $1257.3 – Low Sept 3 now resistance
RES 2: $1253.4 – 200-DMA
RES 1: $1244.2 – High Jan 13
LPRICE: $1229.5
SUP 1: $1217.6 – Low Jan 12
SUP 2: $1201.7 – Low Jan 6
SUP 3: $1199.0 – 21-DMA
SUP 4: $1192.1 – 55-DMA
