For Friday, 4385.00 represents a narrowing zone of support under 4372.25 able to contain selling through next week, and above which 4557.50 remains a 1 - 2 week target able to contain weekly buying pressures.
Closing above 4557.50 signals 4624.50 within 3 - 5 days, able to contain buying through July, and the formation settle above for yielding the 4808.25 longer-term objective by the end of August or sooner.
Downside Friday, a settlement below 4372.25 indicates 4311.00 within several days, where the market can bottom out through July, once tested new-move highs likely within several weeks.
Closing above 4557.50 signals 4624.50 within 3 - 5 days, able to contain buying through July, and the formation settle above for yielding the 4808.25 longer-term objective by the end of August or sooner.
Downside Friday, a settlement below 4372.25 indicates 4311.00 within several days, where the market can bottom out through July, once tested new-move highs likely within several weeks.
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