$1254 is the confluence of 23.6% fib retracement of Dec low - April high & 50% fib retracement of Apr high - May low.
Two consecutive daily close above $1264.50 (61.8% fib retracement of Apr high - May low) would open doors for a rally to $1300 levels
Two consecutive daily close above $1264.50 (61.8% fib retracement of Apr high - May low) would open doors for a rally to $1300 levels