We are starting to look overbought in the short term so some profit taking may be seen today with 115.21 the first target. Watch for a bounce from this support but below 114.90 risks a further slide to 114.50. If this fails to see a floor today we have 9 and 21 day MA at 113.95/87 which should offer an excellent buying opportunity.
A break above the 116.38 level leads us to 116.66/72 before Aug highs at 117.03. With the market likely to be severely overbought in the short term we look for a top here today.