Could start getting tougher to climb here. An open above the Dec high of 13.20'6 would be the galactic cruiser taking off.
Daily has underlying support at 12.80'4 a close above the projected daily target of 13.57'6 will imply that a rally has unfolded. Failure to exceed this intraday warns that the upward momentum is starting to decline. This closed below the projected target for closing resistance of 13.65'6 warns that a high may have been reached...which could be a decline of more than two or three days. A lower opening of 13.11 would warn of a temp high. Last cyclical high at 12.67'6 was exceeded and closed above points to a further advance next session...This would be confirmed by opening higher...if it should close back below the opening then we may have a temp high. Energy is still high but implying that a high is near. Also if the opening is below 13.07'6 in the next daily session it would imply that a temp high is in place.
A closing above last weeks high would be a tech signal that the advance is still in motion.
The projected overhead quarterly resistance is at 16.53'6 where the support resides at 10.30'2
A possible change in trend in April...last cyclical event was a high in Dec...normally you would be looking for a low...but with it being neutral you would need to look at the short term trend to see if it inverts. A break of the 11.42'4 line would warn of a retest of the support near 9.42'6