The 4033.75 - 4043.00 area can contain selling into June, above which 4224.25 - 4236.00 long-term resistance remains a 2 - 3 week objective able to contain buying through Q3.
A weekly settlement above 4236.00 should mark the resumption of a long-term bull market, then anticipating 4500.00 within 3 - 5 weeks, 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 below 4033.75 signals 3958.50 over the next 2 - 3 weeks, 3847.25 attainable by the end of June.
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For Monday, 4195.25 can contain session strength, once tested the 4033.75 - 4043.00 midterm support area attainable again within 3 - 5 days, able to contain selling into June activity.
Holding above 4043.00 will keep 4236.00 long-term resistance in reach over the next 2 - 3 weeks, while closing below 4033.75 indicates a good May high, 3958.50 then expected within 1 - 2 weeks.
Upside Monday, closing above 4195.25 indicates the targeted 4224.25 - 4236.00 within several days, able to contain buying through Q3, and a significant upside continuation point into later year.
A weekly settlement above 4236.00 should mark the resumption of a long-term bull market, then anticipating 4500.00 within 3 - 5 weeks, 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 below 4033.75 signals 3958.50 over the next 2 - 3 weeks, 3847.25 attainable by the end of June.
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For Monday, 4195.25 can contain session strength, once tested the 4033.75 - 4043.00 midterm support area attainable again within 3 - 5 days, able to contain selling into June activity.
Holding above 4043.00 will keep 4236.00 long-term resistance in reach over the next 2 - 3 weeks, while closing below 4033.75 indicates a good May high, 3958.50 then expected within 1 - 2 weeks.
Upside Monday, closing above 4195.25 indicates the targeted 4224.25 - 4236.00 within several days, able to contain buying through Q3, and a significant upside continuation point into later year.
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