The bounce from fresh 2 month lows Tuesday resulted in a an aggressive rally and bullish close Thursday that sees bulls regain the upper hand with immediate focus shifting to the 3158.2-3199.2 region. Bulls need a close above this region to confirm breaks of 21 & 200-DMAs and to shift focus to 3278.6-3302.9. Bears now need a close below 3080.5 to shift focus back to 2789.6-2921.7.
RES 4: 3229.2 High Dec 9
RES 3: 3199.2 High Dec 10
RES 2: 3174.8 21-DMA
RES 1: 3158.2 200-DMA
PREVIOUS CLOSE: 3153.7
SUP 1: 3106.9 Hourly support Dec 18
SUP 2: 3080.5 Low Dec 18
SUP 3: 3052.0 Hourly resistance Dec 17 now support
SUP 4: 3004.2 Low Dec 17
