The 4270.00 level can contain selling through Q1, above which 4634.50 remains a 3 - 5 week target, 4864.25 likely over the next 3 - 5 months.
Upside, 4634.50 can contain weekly buying pressures, while closing above 4634.50 indicates the targeted 4864.25 by the end of February where the market can top out into Q2.
Downside, a settlement below 4270.00 signals 4113.50 within 2 - 3 weeks, secondary long- term support able to contain selling into later in 2024 and above which a longer-term bullish dynamic remains in effect over that time horizon.
Upside, 4634.50 can contain weekly buying pressures, while closing above 4634.50 indicates the targeted 4864.25 by the end of February where the market can top out into Q2.
Downside, a settlement below 4270.00 signals 4113.50 within 2 - 3 weeks, secondary long- term support able to contain selling into later in 2024 and above which a longer-term bullish dynamic remains in effect over that time horizon.
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