The Dow Jones broke its short-run uptrend line, signaling potential declines toward key supports at 51,480 and 51,290.
Dow managed to break below Short-Run uptrend line which may push for farther drops ahead.
As we see over the chart, market facing resistances at 52700-800 and 53340 where as long as market holding trades below one of those levels more drops is likely where supports at 51480 and 51290
Above 53340 market may add more bonus.
SUPPORT | RESISTANCE | |
LEVEL1 | 52000 | 52700-800 |
LEVEL2 | 51480 | 53340 |
LEVEL3 | 51290 | 53825 |
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