Bulls attempted to recover some of the ground lost last week only to struggle at the 55 & 200-DMAs before heading for a relatively bearish close Monday. Bulls now need a close above 3169.9 to confirm an easing of bearish pressure whereas a close above the 21-DMA is needed to end bearish hopes and see focus return to the 2014 high. Key concerns for bears remain O/S studies and the Bollinger band base.
RES 4: 3259.2 High Sept 25
RES 3: 3218.2 21-DMA
RES 2: 3196.7 100-DMA
RES 1: 3169.9 High Oct 6
PREVIOUS CLOSE: 3138.5
SUP 1: 3101.1 61.8% Fibonacci 2977.5-3301.1
SUP 2: 3065.2 Low Aug 20
SUP 3: 3056.6 Low Aug 18
SUP 4: 3028.6 Low Aug 15