For Thursday, 4197.50 can contain session strength, once tested the 4044.75 - 4047.50 midterm support area attainable again within 3 - 5 days, able to contain selling into June activity.
Holding above 4047.50 will keep 4244.25 long-term resistance in reach over the next 2 - 3 weeks, while closing below 4044.75 indicates a good May high, 3976.25 then expected within 1 - 2 weeks.
Upside Thursday, closing above 4197.50 indicates the targeted 4227.75 - 4244.25 within several days, able to contain buying through Q3, and a significant upside continuation point into later year.
Holding above 4047.50 will keep 4244.25 long-term resistance in reach over the next 2 - 3 weeks, while closing below 4044.75 indicates a good May high, 3976.25 then expected within 1 - 2 weeks.
Upside Thursday, closing above 4197.50 indicates the targeted 4227.75 - 4244.25 within several days, able to contain buying through Q3, and a significant upside continuation point into later year.
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