Today's Support and Resistance Levels:
R3: 141.84
R2: 141.79
R1: 141.49
Current Spot: 141.46
S1: 141.21
S2: 140.98
S3: 140.65
Technical Summary:
Support at 141.23 protected the downside for yet another high at 142.00, but the following decline does look impulsive and it should just be a matter of time before support at 141.23 is broken clearly for a continuation lower towards 136.33. Short term we could see move higher towards the 141.79 - 141.84 area as long as minor support at 141.30 protects the downside, but once this minor support is broken I will be looking for an acceleration lower. Even support at 141.23 should be no match next time it is tested.
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