For Wednesday, 4178.50 can contain session strength, below which the 4055.75 - 4061.00 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, 3933.50 expected within 2 - 3 weeks. Upside Wednesday, closing above 4178.50 should yield 4238.00 - 4252.25 by Friday’s close, able to contain buying through Q3, once tested the market prone to bearish rotation into June/July. On the other hand, a weekly settlement above 4252.25 indicates a good annual low, 4500.00 then expected within 3 - 5 weeks, the 4808.25, January 2022 high by the end of the year.
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