The recovery from ahead of the key 3124.6-3129.1 support region continued Thursday with bulls taking comfort in the close above the 21-DMA. In saying that, bulls need to see a close above 3239.8 to confirm a break to the falling trend line off 2014 highs, ending bullish hopes and shifting overall focus back to 2014 highs. Bears now look for a close below the 21-DMA to retain focus on the 3124.6-3129.1 support region.
RES 4: 3289.8 High July 3
RES 3: 3239.8 High July 8
RES 2: 3232.5 Falling daily trend line June/July highs
RES 1: 3228.6 55-DMA
PREVIOUS CLOSE: 3220.0
SUP 1: 3204.3 21-DMA
SUP 2: 3170.0 Low July 24
SUP 3: 3139.6 Rising channel base Sep 13/Mar 14 Lows
SUP 4: 3129.1 Monthly Low May 7