The Dow Jones maintains its bullish daily uptrend while testing key support between 52700 and 52800.
The Dow from a technical perspective remains above the daily uptrend frame to test the support of 52700-800 last week.
As we see from the chart and as long as the market holds above 52640, the advance is likely to move above 55000.
Below 52640 a chance for a further drop could hit the market with support at 51480.
SUPPORT | RESISTANCE | |
LEVEL1 | 53000 | 53520-720 |
LEVEL2 | 52640 | 54230 |
LEVEL3 | 52000 | 54740 |
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