The analysis indicates a recent close above the channel top at 442.53. A steeply rising channel bottom has been abandoned as a trend-finding element. Current focus is on an upside 5/8s Fibonacci level, derived from a late October high and an early November low, which was previously breached a week and a half ago. This area, specifically the 439.20 (61.8% Fibonacci) to 442.53 (descending channel top) region, now functions as short-term support. Price maintaining above this zone signifies a secondary show of strength. Primary support is identified at 407.97, tested approximately one month prior. With the price currently around 446.86 and holding above key support levels, upward continuation is anticipated, targeting 474.07 by the end of next week. Further resistance is noted at 455.57 on the path to the target.