According to the daily swing chart, the overall trend is upward. When buyers broke out of the February 24 major top at $1976.50, the uptrend was confirmed. The continuation of the uptrend will be confirmed if the price crosses the intraday high of $2005.20.
The 1996.34 level of support and the 2005.74 level of resistance serve as the key support and resistance levels. Currently, the price is below the pivot point of 1999.97. The EMA10 is moving above both the EMAs of 200 and 100, indicating a bullish condition. Stochastic is moving in the high ranges. The RSI is moving above the level of 70 and the ADX is showing an upward signal. The MACD histogram is in positive territory and showing a rising signals.

• There is resistance at 2005.74, followed by resistance at 2009.37 and 2015.14.
• There is support at 1996.34, Below, there is 1990.57 and 1986.94.

Note: We do not suggest any investment advice, and these analyses are just to increase the traders’ awareness but not a certain instruction for trading.