As we see on the chart, the Dow seems to be building an uptrend channel with Intraday resistance at 40320-50.
This could push for some trade zone toward first support 39980 before advancing toward 40500 and above.
Below 39980 more of a drop could hit the market with the second support laying at 39470 which in turn could activate again the advance wave.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 39980 | 40320-50 |
| LEVEL2 | 39470 | 40500 |
| LEVEL3 | 39130 | 40900 |
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