The Dow managed to meet the target of 39250-650 in the last two days before another drop movement toward 38425.
As we see over the chart the market is facing resistance around 40915, where as long as prices keep holding below this resistance the downtrend wave will still be ongoing for a drop to 37400-500 and below.
Above 40915 more advance to test 41800-900 could hit the market which in turn might push for another drop wave.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 39000 | 40260 |
| LEVEL2 | 38425 | 40915 |
| LEVEL3 | 37400-500 | 41800-900 |
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