For Thursday, the 4088.50 - 4092.25 area can absorb selling through April, above which 4262.00 - 4276.50 long-term resistance remains a 2 - 3 week objective.
Upside Thursday, 4151.25 can contain intraday strength, beyond which 4178.50 is likely and able to contain session strength.
A settlement today above 4178.50 indicates the targeted 4262.00 - 4276.50 region within 3 - 5 days, where the broader market can top out through Q3.
Downside Thursday, a settlement below 4088.50 pivots the market south through the balance of April activity, then expecting another test of 3855.00 - 3890.00 long-term support within 2 - 3 weeks.
Upside Thursday, 4151.25 can contain intraday strength, beyond which 4178.50 is likely and able to contain session strength.
A settlement today above 4178.50 indicates the targeted 4262.00 - 4276.50 region within 3 - 5 days, where the broader market can top out through Q3.
Downside Thursday, a settlement below 4088.50 pivots the market south through the balance of April activity, then expecting another test of 3855.00 - 3890.00 long-term support within 2 - 3 weeks.
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