Divergence on the daily chart following fresh 2015 and 6+ year highs Friday for the index are concerns for bulls as are O/B daily studies. Initial support is now noted at Thursday’s low with bears needing a close below this level to ease bullish pressure. Overall a close below 3495.3 is needed to confirm a break of the 21-DMA and shift focus to layers of support 3221.6-3439.2.
RES 4: 3900.3 Monthly High May 2 2008
RES 3: 3790.5 High May 30 2008
RES 2: 3663.9 Bollinger band top
RES 1: 3662.3 Low June 5 2008 now resistance
PREVIOUS CLOSE: 3617.5
SUP 1: 3589.2 Low Mar 5
SUP 2: 3529.1 Low Feb 25
SUP 3: 3495.3 High Feb 19 now support
SUP 4: 3439.2 Low Feb 19
