Thursday’s bearish key day reversal was negated by an aggressive bounce Friday that sees a bullish bias reconfirmed and immediate focus on the 3302.9-3309.2 region where 2014 highs and the channel top are located. Initial support is noted 3232.4-3256.6 with bears needing a close below to ease the renewed bullish pressure. A close below 3186.1 is then needed to see key DMAs 3107.9-3161.9 tested.
RES 4: 3329.4 Weekly Bollinger band top
RES 3: 3315.3 Daily Bollinger band top
RES 2: 3309.2 Rising daily channel top
RES 1: 3302.9 2014 High Sept 19
PREVIOUS CLOSE: 3277.2
SUP 1: 3256.6 Hourly support Dec 5
SUP 2: 3232.4 Hourly support Dec 5
SUP 3: 3186.1 Low Dec 4
SUP 4: 3169.9 Alternating daily support/resistance
