The Dow Jones faces critical intraday resistance at 52,150 following a recent corrective rebound.
Dow managed to hit rebound correction toward 52150 closing from first target 52275
As we see over the chart, Intraday resistance laying at 52150 where as long as market holding below it the drop pressure may back toward 50520 zone
Above 52150 more advance may hit the market while resistance 52700-800 may push again toward drop
SUPPORT | RESISTANCE | |
LEVEL1 | 51480 | 52150 |
LEVEL2 | 51180 | 52700-800 |
LEVEL3 | 50520 | 53825 |
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