Technical Analysis: Dow Jones - Monday, Oct. 27
The Dow broke above the resistance of 46700 last week and managed to add more advance on the price gap today.
As we projected last week, prices hit the second target of 47500.
Intraday Levels show the first support around 47000, where as long as prices hold above it, the advance wave could expand toward 47850 and above.
Below 47000, more of a drop could hit the market and support at 46400 could activate an advance again.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 47000 | 47500 |
| LEVEL2 | 46400 | 47850 |
| LEVEL3 | 45850 | 48100 |
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