Divergence on the daily chart following fresh 2015 and 6+ year highs Friday for the index are concerns for bulls as O/B daily studies look to correct. Layers of support in the 3495.3-3529.1 region are key with bears needing a close below to confirm a break of the 21-DMA and shift focus back to 3321.6-3333.8 where the 55-DMA is located. While the 21-DMA supports focus remains on spikes above the Bollinger band top.
RES 4: 3900.3 Monthly High May 2 2008
RES 3: 3790.5 High May 30 2008
RES 2: 3674.7 Bollinger band top
RES 1: 3662.3 Low June 5 2008 now resistance
PREVIOUS CLOSE: 3610.1
SUP 1: 3585.1 Low Mar 9
SUP 2: 3529.1 Low Feb 25
SUP 3: 3495.3 High Feb 19 now support
SUP 4: 3439.2 Low Feb 19
