The Dow managed to hold above the trend support to rebound towards 49800.
The Dow managed to hold above the trend support to rebound towards 49800.
As we see over the previous chart and if prices remain below 49800-900, another drop inside this trading zone could control the market with support at 48700.
Below 48300 more of a drop will be expected.
Above 49900 more advance could hit the market.
SUPPORT | RESISTANCE | |
LEVEL1 | 48700 | 49800-900 |
LEVEL2 | 48300 | 50520 |
LEVEL3 | 47600-700 | 50900-51000 |
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