Technical Analysis: Dow Jones - Monday, Oct. 13
The Dow fell below the support of 46100 last week and managed to accelerate the drop movement toward 45135 before prices rebounded on Trump’s announcement over China.
As we see over the chart, the market is facing resistances around 46000 and 46350-600, while as long as prices remain below 46600, another drop wave towards 44570 will be expected.
Above 46600, more advance is likely with resistance at 47000-100.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 45740 | 46000 |
| LEVEL2 | 45490 | 46350-600 |
| LEVEL3 | 45135 | 47000-100 |
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