Near Term Trend: Negative
Friday’s Close: 4,285.70 (- 187)
UPDATE: Three months ago we called for a move up to 4,520.00, and that was met two weeks later.
Since then, the Index has remained under pressure and this past Friday came under severe pressure on the Brexit vote.
Expect additional downside toward our key support, but more importantly, the 4,700 region should act as a ceiling for the next several months to come.
Key Resistance = 4,599.00
Key Support = 4,010.00