The close below the 3243.0 previous support Monday confirms an easing of bullish pressure with immediate focus now having shifted to the 3178.6-3213.5 region where key moving averages and the long term daily trend line are located. The move lower overnight paused at the 55-DMA with bears needing a close below 3178.6 to confirm a bigger move lower that initially targets the 200-DMA (3111.0).
RES 4: 3345.2 Trend line projection
RES 3: 3325.5 2014 High June 19
RES 2: 3302.9 High June 23
RES 1: 3289.8 High July 3
PREVIOUS CLOSE: 3230.7
SUP 1: 3229.8 55-DMA
SUP 2: 3211.5 Monthly Low June 30
SUP 3: 3190.3 38.2% Fibonacci 2971.5-3325.5
SUP 4: 3183.0 100-DMA