2.11 Short-term support and resistance levels 1. Mid-term rebound target: 78,000-85,000 2. Short-term support and resistance: If there’s a second dip, the 62,000-66,000 range will form support. If there’s no second dip and it moves upward, the 74,000 range will form short-term resistance. 3. This week will see a flurry of news releases: Non-farm payrolls, CPI, and the Federal Reserve interest rate meeting.