The significance of the 3332.5 support was confirmed Wednesday with Stoxx50 having found support marginally ahead of this level. Bears continue to look for a close below 3332.5 to confirm an easing of bullish pressure and to shift focus back to the 3139.5-3186.8 region where key DMAs remain clustered. O/B daily studies are beginning to weigh with bulls needing fresh 2015 highs to reconfirm a bullish bias.
RES 4: 3612.3 Weekly High June 2008
RES 3: 3544.4 Weekly trend line extension
RES 2: 3456.8 Monthly High Aug 2008
RES 1: 3417.5 2015 High Jan 23
PREVIOUS CLOSE: 3359.0
SUP 1: 3332.5 High Jan 22 now support
SUP 2: 3261.8 Low Jan 22
SUP 3: 3198.4 Low Jan 19
SUP 4: 3186.8 High Jan 2 now support
