The lack of topside follow through after recent 2015 & 6+ year highs combined with divergence on the daily chart seems to be having an impact with the index struggling this week and immediate focus on the key supports. Bears look for a close below 3495.3 to confirm a break of the 21-DMA and shift focus back to 3321.6-3340.6 where the 55-DMA is located. While the 21-DMA supports focus remains on spikes bulls look for bounces.
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: 3567.1
SUP 1: 3529.1 Low Feb 25
SUP 2: 3517.0 21-DMA
SUP 3: 3495.3 High Feb 19 now support
SUP 4: 3439.2 Low Feb 19
