For Friday, 4204.50 can contain session strength, 4122.50 in reach and able to contain session weakness.
Breaking (especially opening) below 4122.50 allows 4077.50 - 4078.75 intraday, longer-term support able to contain selling into May activity and above which 4251.75 - 4268.25 long-term resistance remains a 2 - 3 week objective.
Upside Friday, pushing/opening above 4204.50 signals 4221.50 intraday, while closing above 4204.50 indicates the targeted 4251.75 - 4268.25 within several more days, where the broader market can top out through Q3 and a significant upside continuation point through the balance of the year.
Breaking (especially opening) below 4122.50 allows 4077.50 - 4078.75 intraday, longer-term support able to contain selling into May activity and above which 4251.75 - 4268.25 long-term resistance remains a 2 - 3 week objective.
Upside Friday, pushing/opening above 4204.50 signals 4221.50 intraday, while closing above 4204.50 indicates the targeted 4251.75 - 4268.25 within several more days, where the broader market can top out through Q3 and a significant upside continuation point through the balance of the year.
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