For Thursday, 4399.00 can contain intraday weakness, the targeted 4441.25 - 4446.50 area in reach and able to contain buying through the balance of June.
Holding below 4441.25 allows 4203.75 long-term support by the end of July or sooner, while closing today above 4446.50 signals our 4600.00 longer-term objective over the next 2 - 3 weeks.
Downside Thursday, 4367.50 can contain session weakness, while closing below 4367.50 indicates a good weekly high, 4263.75 then expected within several days, also able to contain session weakness and the point to settle below for indicating 4186.75 - 4203.75 long-term support within several more days.
Holding below 4441.25 allows 4203.75 long-term support by the end of July or sooner, while closing today above 4446.50 signals our 4600.00 longer-term objective over the next 2 - 3 weeks.
Downside Thursday, 4367.50 can contain session weakness, while closing below 4367.50 indicates a good weekly high, 4263.75 then expected within several days, also able to contain session weakness and the point to settle below for indicating 4186.75 - 4203.75 long-term support within several more days.
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