The 4834.25 - 4837.00 area can absorb selling through April, above which the market remains poised for retesting 4121.50 long-term resistance over the next several weeks, able to contain buying through April.
A daily settlement above 4121.50 signals 4292.50 within several more weeks, where the market encounters long-term resistance able to contain buying into later year and a significant upside continuation point over the same long-term time horizon.
Downside, a settlement below 3841.25 indicates 3659.25 within 2 - 3 weeks, 3593.50 within 3 - 5 weeks, secondary long-term support able to contain selling on a quarterly basis.
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For Monday, 3931.00 can contain selling into later week, above which 4121.50 longer-term resistance remains a 3 - 5 day target.
Upside today, 4056.75 can contain session strength, while closing above 4056.75 signals 4121.50 tomorrow, able to contain buying into later April and a meaningful upside continuation point over the same time horizon.
Downside Monday, breaking/opening below 3931.00 allows 3895.00 intraday, while closing today below 3931.00 indicates 3841.25 - 3849.75 within 3 - 5 days, able to contain selling through April activity, and above which 4121.50 remains a 2 - 3 week objective.
A daily settlement above 4121.50 signals 4292.50 within several more weeks, where the market encounters long-term resistance able to contain buying into later year and a significant upside continuation point over the same long-term time horizon.
Downside, a settlement below 3841.25 indicates 3659.25 within 2 - 3 weeks, 3593.50 within 3 - 5 weeks, secondary long-term support able to contain selling on a quarterly basis.
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For Monday, 3931.00 can contain selling into later week, above which 4121.50 longer-term resistance remains a 3 - 5 day target.
Upside today, 4056.75 can contain session strength, while closing above 4056.75 signals 4121.50 tomorrow, able to contain buying into later April and a meaningful upside continuation point over the same time horizon.
Downside Monday, breaking/opening below 3931.00 allows 3895.00 intraday, while closing today below 3931.00 indicates 3841.25 - 3849.75 within 3 - 5 days, able to contain selling through April activity, and above which 4121.50 remains a 2 - 3 week objective.
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