For Friday, 4178.50 can contain session strength, below which the 4055.75 - 4056.50 region is likely within the week, able to contain selling through May.
Holding above 4056.50 will keep 4252.25 long-term resistance in reach over the next 2 - 3 weeks, while a weekly settlement today below 4055.75 indicates a good May high, 3976.25 then considered a 3 - 5 day target, 3939.75 expected within 2 - 3 weeks.
Upside Friday, closing above 4178.50 should yield 4234.50 - 4252.25 within several days, able to contain buying through Q3, once tested the market prone to bearish rotation into June / July.
Holding above 4056.50 will keep 4252.25 long-term resistance in reach over the next 2 - 3 weeks, while a weekly settlement today below 4055.75 indicates a good May high, 3976.25 then considered a 3 - 5 day target, 3939.75 expected within 2 - 3 weeks.
Upside Friday, closing above 4178.50 should yield 4234.50 - 4252.25 within several days, able to contain buying through Q3, once tested the market prone to bearish rotation into June / July.
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