This is not, however, acting solely as resistance. It's acting as resistance, then support, then the midpoint of a trading range, then resistance again. The importance of all this is confirmed by what price does at 1400. However, if you limit your observations to commentary, then none of this registers, and the exercise is essentially pointless.
demand overwhelmed supply when the fed came out at 1pmcst and made the announcement a lot of trades going on in the 3213 area could serve as a magnet when we get a retracement and maybe a 2nd chance for bears to have a chance to unload their shorts or go long!