The Dow managed to break above the 50000 resistance level, which could pave the way for an advance toward the 53000 zone.
Our previous outlook for the Dow still stands.
The Dow managed to break above the 50000 resistance level, which could pave the way for an advance toward the 53000 zone.
As shown on the chart, as long as prices remain above 50000, the bullish move could extend toward 53000.
The first intraday support stands at 50700.
SUPPORT | RESISTANCE | |
LEVEL1 | 50700 | 51700 |
LEVEL2 | 50000 | 52400 |
LEVEL3 | 48500 | 53000 |
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