For Friday, 4543.25 can contain session strength, below which 4448.50 remains a 3 - 5 day target able to contain selling through September activity, once tested 4701.25 long-term resistance attainable over that time horizon.
A daily settlement below 4448.50 indicates a good high through September trade, 4112.00 then expected over the following 3 - 5 weeks, where the market can bottom out through the balance of the year.
Upside Friday, pushing/opening above 4543.25 allows 4573.00 intraday, while closing today above 4543.25 reverses momentum through next week, 4617.25 then expected within several days, 4701.25 longer-term resistance within 1 - 2 weeks.
A daily settlement below 4448.50 indicates a good high through September trade, 4112.00 then expected over the following 3 - 5 weeks, where the market can bottom out through the balance of the year.
Upside Friday, pushing/opening above 4543.25 allows 4573.00 intraday, while closing today above 4543.25 reverses momentum through next week, 4617.25 then expected within several days, 4701.25 longer-term resistance within 1 - 2 weeks.
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