The relatively bullish close Thursday provides bulls with some comfort and ensures that immediate focus remains on the 3259.2-3302.9 region. Layers of support continue to accumulate with bears now needing a close below 3217.3 to ease bullish pressure and shift focus back to 3155.1-3169.9. A close below the 200-DMA is then needed to hint at a sustained move lower with below the daily channel base (3091.8) confirming.
RES 4: 3312.2 Weekly Bollinger band top
RES 3: 3302.9 2014 High Sept 19
RES 2: 3263.9 Rising daily channel top
RES 1: 3259.2 High Sept 25
PREVIOUS CLOSE: 3244.7
SUP 1: 3217.3 Low Nov 26
SUP 2: 3193.4 Low Nov 24
SUP 3: 3169.9 Alternating daily support/resistance
SUP 4: 3155.1 200-DMA
