For Tuesday, 4553.75 can contain session strength, 4526.75 in close reach and able to contain session weakness.
Breaking/opening below 4526.75 signals 4493.75 intraday, while closing today below 4526.75 will keep 4429.50 support in reach by the end of next week, where the market can bottom out through September activity, once tested 4701.25 long-term resistance attainable over that time horizon.
A daily settlement below 4429.50 indicates a good high through September trade, 4103.00 then expected over the following 3 - 5 weeks, where the market can bottom out through the balance of the year.
Upside Tuesday, pushing/opening above 4553.75 signals 4578.75 intraday, while closing above 4553.75 reverses momentum through the balance of the week and into later August, 4617.25 than expected within several days, 4701.25 longer-term resistance within 1 - 2 weeks.
Breaking/opening below 4526.75 signals 4493.75 intraday, while closing today below 4526.75 will keep 4429.50 support in reach by the end of next week, where the market can bottom out through September activity, once tested 4701.25 long-term resistance attainable over that time horizon.
A daily settlement below 4429.50 indicates a good high through September trade, 4103.00 then expected over the following 3 - 5 weeks, where the market can bottom out through the balance of the year.
Upside Tuesday, pushing/opening above 4553.75 signals 4578.75 intraday, while closing above 4553.75 reverses momentum through the balance of the week and into later August, 4617.25 than expected within several days, 4701.25 longer-term resistance within 1 - 2 weeks.
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