Any close above 1240 is likely to resume the upward trend with resistance at 1250. A close above that confirms the bull run up to 1280. Friday closing could be crucial because if it closes 1240 it is likely to correct up to 1220.
Probability of consolidation is high between 1240-1220 range.
Break of 1220 triggers a end of the current short term bull run with support at 1186.