The break of the triangle top gathered momentum Monday with fresh 2015 highs and immediate bullish focus on the 3278.6 Dec monthly high and overall focus on the 3325.5 2014 high. Bears now look for a close below Monday’s low to ease bullish pressure whereas a close below 3120.6 is needed to confirm breaks of 21, 55, 100 & 200-DMAs, shifting immediate focus back to the 2998.5 Jan low so far. The Bollinger band top is seen as the key concern for bulls.
RES 4: 3301.1 Monthly High Sept 19
RES 3: 3278.6 Monthly High Dec 5
RES 2: 3250.9 Bollinger band top
RES 1: 3238.1 2015 High Jan 19
PREVIOUS CLOSE: 3220.7
SUP 1: 3198.4 Low Jan 19
SUP 2: 3177.0 High Jan 2 now support
SUP 3: 3120.6 Hourly support Jan 15
SUP 4: 3018.6 Low Jan 15
