Indices 4/07, page-183

Was waiting for a bounce off $1724 and got that but the move is still pretty raw as it's bounced directly between the two main levels.

$1724 - I'd expect this to hold initially if price does drift down

$1742 - that's the key level from latest consolidation zone.

$1766 - If bulls can break north of $1742 (and hold) then this is next level to watch before getting excited about $1800 again...