The 3326.4 support continues to provide a base for bounces but O/B daily studies and the failure to make a decent attempt on the recent 2015 high remain concerns for bulls. Bulls now need a close above 3393.9 ease pressure on the support and above 3417.5 to reconfirm a bullish bias and target 3551.2. Bears need a close below 3326.4 to confirm an easing of bullish pressure and shift focus back to the 3133.9.1-3218.2 region where key DMAs remain clustered.
RES 4: 3456.8 Monthly High Aug 2008
RES 3: 3425.2 Weekly trend line extension (June -Feb)
RES 2: 3417.5 2015 High Jan 26
RES 1: 3393.9 High Jan 28
PREVIOUS CLOSE: 3370.0
SUP 1: 3326.4 Low Jan 29
SUP 2: 3261.8 Low Jan 22
SUP 3: 3257.4 38.2% Fibonacci retracement 2998.5-3417.5
SUP 4: 3208.0 50.0% Fibonacci retracement 2998.5-3417.5
