The initial sell-off Thursday saw bears get excited following the break below initial supports only to see their hopes dashed buy a solid recovery and relatively bullish close. In saying that, despite closing above the 21-DMA (3017.7) Thursday, bulls need a close above 3062.0 to confirm a clean break of the 21-DMA and shift immediate focus to key DMAs clustered 3129.1-3152.1
RES 4: 3129.1 55-DMA
RES 3: 3105.7 61.8% Fibonacci 3301.1-2789.6
RES 2: 3090.4 High Oct 9
RES 1: 3062.0 High Oct 27
PREVIOUS CLOSE: 3035.7
SUP 1: 2964.9 Low Oct 30
SUP 2: 2906.0 Low Oct 21
SUP 3: 2888.4 Bollinger band base
SUP 4: 2872.5 Low Oct 17