The 3914.00 major Gann square will be important for tomorrow's close in the June contract.
Here are some things to watch for.A trade below it that hits 3880.00, this is 38.2% back to the 3/4/21 low and then closing above 3914.00 should end this break and they go for new highs and the long term target.
The low from today stays in and they take out 38.2% of the break at 3926.00 (use this as the overnight DSP) the break should also be over.
The long term levels below moved up with the new high.As I mentioned in the last update March brings a lot of major tops and bottoms, so this is why I think a much bigger break can happen, provided they can close below and stay below 3914.00.
The target on a bigger break will be the area of 3300.00 and 3205.00 this is first 38.2% back to the 3/23/20 low and secondly 23.6% back to the 2009 low.
For the shorter term support, the next 3 major Gann squares below 3914.00 at 3802.00, 3690.00 and 3582.00 all have a big retracement going back to either the 9/24/20, or 3/23/20 low at the same levels.