The first level of support is at $4,365. This level, if broken, will result in a drop to $4,305 and then $4,263 to $4,221. Conversely $4,422 is the first zone of resistance, with $4,465 and $4,564 above that.
A rebound from $4,365 would be a bull flag and indicate the continuation of the bearish trend below $4,465. A break above the $4,465 resistance would be a positive sign for the bullish trend.
