For Thursday, 4178.50 can contain session strength, below which the 4055.75 - 4058.75 region is likely within the week, able to contain selling through May and above which 4252.25 long-term resistance remains a 2 - 3 week objective.
On the other hand, a daily settlement below 4055.75 indicates a good May high, 3976.25 then consider 3 - 5 day target, 3936.75 expected within 2 - 3 weeks.
Upside Thursday, closing above 4178.50 should yield 4236.25 - 4252.25 within several days, able to contain buying through Q3, once tested the market prone to bearish rotation into June / July.
On the other hand, a daily settlement below 4055.75 indicates a good May high, 3976.25 then consider 3 - 5 day target, 3936.75 expected within 2 - 3 weeks.
Upside Thursday, closing above 4178.50 should yield 4236.25 - 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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