Last week’s sequence of higher daily lows reconfirmed the bullish bias with fresh 2015 highs on Friday before an inside day to start the new week. Bulls remain firmly focused on the rising daily trend line extension and then the rising weekly trend line extension above that. Initial support remains at 3428.9 with bears needing a close below to ease bullish pressure and hint at a dip back to the 3321.6-3356.6 region.
RES 4: 3564.9 Rising weekly trend line extension
RES 3: 3484.7 Bollinger band top
RES 2: 3475.2 Rising daily trend line extension
RES 1: 3462.3 2015 High Feb 13
PREVIOUS CLOSE: 3433.1
SUP 1: 3428.9 Low Feb 13
SUP 2: 3367.6 21-DMA
SUP 3: 3321.6 Low Feb 9
SUP 4: 3261.8 Low Jan 22
