The Dow Jones shows signs of a reversal toward the 48500 support zone after meeting resistance at 53000.
The Dow managed last week to break above the resistance of 52275 and advanced towards the target 53000 reversing below the resistance trend as we see from the chart.
Prices are still showing signs of a further drop that could hit the market towards the 48500 zone.
Above 53000 more advance would be likely toward 55000.
SUPPORT | RESISTANCE | |
LEVEL1 | 50800 | 53000 |
LEVEL2 | 49700 | 54000 |
LEVEL3 | 48500 | 55000 |
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