The 4077.50 - 4087.75 area can contain selling through April, above which 4258.50 - 4268.25 long-term resistance remains a 2 - 3 week objective able to contain buying through Q3, and a significant upside pivot point through the balance of the year.
A weekly settlement above 4268.25 should mark the resumption of a long-term bull market, anticipating a retest of the 4808.25, January 2022 high by the end of the year, and onto new highs within a full year of activity.
Downside, a weekly settlement back below 4077.50 allows 3855.00 - 3896.25 over the next 3 - 5 weeks, able to contain selling into June.
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For Monday, the 4077.50 - 4087.75 area can absorb selling through April, above which 4258.50 - 4268.25 long-term resistance remains a 2 - 3 week objective.
Upside Monday, 4189.25 can contain session strength, while closing above 4189.25 indicates the targeted 4258.50 - 4268.25 within the week, where the broader market can top out through Q3 and a significant upside continuation point through the balance of the year.
Downside Monday, 4109.50 can contain intraday weakness, while breaking/opening below 4152.25 signals 4077.50 - 4087.75 intraday, able to contain selling through April and the point to settle below for indicating 3896.25 long-term support over the following 3 - 5 weeks.
A weekly settlement above 4268.25 should mark the resumption of a long-term bull market, anticipating a retest of the 4808.25, January 2022 high by the end of the year, and onto new highs within a full year of activity.
Downside, a weekly settlement back below 4077.50 allows 3855.00 - 3896.25 over the next 3 - 5 weeks, able to contain selling into June.
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For Monday, the 4077.50 - 4087.75 area can absorb selling through April, above which 4258.50 - 4268.25 long-term resistance remains a 2 - 3 week objective.
Upside Monday, 4189.25 can contain session strength, while closing above 4189.25 indicates the targeted 4258.50 - 4268.25 within the week, where the broader market can top out through Q3 and a significant upside continuation point through the balance of the year.
Downside Monday, 4109.50 can contain intraday weakness, while breaking/opening below 4152.25 signals 4077.50 - 4087.75 intraday, able to contain selling through April and the point to settle below for indicating 3896.25 long-term support over the following 3 - 5 weeks.
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