-The channel break was on lower volume which may indicate merely profit taking from the recent rally.  The first support is at 7106.  If the index breaks that level, we may retest 6800.  Look for a retest and a bounce to retest resistance at 7449 – 7571.  If the index breaks through that area, the next stop is 7800.

-741 is a key support level.  We could test there before continuing the move higher.  If 741 fails to hold, we will proceed to retest recent lows at 700 and then 667.  Look for a successful retest of 741 and a bounce higher to rechallenge the resistance at 804.

-1434 is key support.  I am looking for a successful retest at this level and a bounce.

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