Yet another dip below the 21-DMA (3049.1) has resulted in a bounce from ahead of the key 3026.4 support. Bears need a close below 3026.4 to confirm a break of the 21-DMA and see a bearish bias emerge targeting the 2014 low. Layers of resistance remain topside with bulls continuing to look for a close above 3099.7 to provide breathing room and above 3169.9 to confirm a break of key DMAs and focus on 2014 highs.
RES 4: 3137.1 Bollinger band top
RES 3: 3129.3 100-DMA
RES 2: 3117.5 55-DMA
RES 1: 3099.7 High Nov 12
PREVIOUS CLOSE: 3084.5
SUP 1: 3026.4 Low Nov 13
SUP 2: 2965.6 Low Oct 30
SUP 3: 2961.1 Bollinger band base
SUP 4: 2906.0 Low Oct 21