Layers of resistance 3139.9-3169.9 continued to thwart attempts to shift immediate focus to 2014 highs last week with result being a dip back towards the key 3019.4-3028.3 support where the 21-DMA is located. Bears need a close below the 21-DMA to end bullish hopes and see the 2014 low targeted. While the 3019.4-3028.3 support holds a bullish bias remains with bulls needing a close above 3169.9 to confirm focus on 2014 highs.
RES 4: 3259.2 High Sept 25
RES 3: 3169.9 High Oct 6
RES 2: 3150.5 200-DMA
RES 1: 3138.0 100-DMA
PREVIOUS CLOSE: 3094.4
SUP 1: 3028.3 Low Nov 4
SUP 2: 3019.4 21-DMA
SUP 3: 2965.6 Low Oct 30
SUP 4: 2906.0 Low Oct 21